PROPERTY MANAGEMENT RESPONSIBILITIES Sample Clauses
The PROPERTY MANAGEMENT RESPONSIBILITIES clause defines the duties and obligations of the property manager in overseeing and maintaining the property. It typically outlines tasks such as collecting rent, handling repairs and maintenance, managing tenant relations, and ensuring compliance with relevant laws and regulations. By clearly assigning these responsibilities, the clause helps prevent misunderstandings between the property owner and manager, ensuring efficient property operation and accountability.
PROPERTY MANAGEMENT RESPONSIBILITIES. The Asset Manager shall perform its duties and obligations under Section 2 of the Management Agreement with respect to the management of the Qualified Properties in accordance with the following standards:
PROPERTY MANAGEMENT RESPONSIBILITIES. During the Term, Operator shall be responsible for management of the Property and shall be responsible for the routine and normal upkeep of the Property and the furnishings and equipment used by Tenant in accordance with Section 2.4.2 above, including the management of daily building operations in all areas of the Property as detailed in Exhibit C. For the purpose of efficiency, the Parties, through the agreement by the Executive Director of the CRA and the Executive Director of the Operator, agree that modifications to Exhibit C may be made without the need for an amendment to this Sublease; provided, however, that all such modifications shall be in writing and otherwise be consistent with the requirements of this Sublease.
(a) Operator shall be responsible at its own cost for any repair to the Property or to the furnishings and equipment made necessary by reason of damage caused by any act or neglect of Operator, or its employees, agents, contractors, invitees or sublessees (including any damage by fire or other casualty arising therefrom).
(b) If repairs are required to be made by Operator pursuant to the terms of this Sublease, CRA may demand that Operator make the same forthwith. In the event Operator refuses or neglects to commence such repairs within thirty (30) days of its receipt of such notice and to thereafter diligently prosecute such repairs to completion, the CRA may (but shall not be required to do so) make or cause such repairs to be made at the Operator’s expense, and shall not be responsible to Operator for any loss or damage whatsoever. The CRA shall be under no obligation to provide advance notice of such repairs prior to exercising this self-help right in the event of an emergency, but shall be required to give notice of such repairs within a reasonable time after commencement thereof.