PROPERTY PRESERVATION SERVICES Clause Samples
The PROPERTY PRESERVATION SERVICES clause defines the responsibilities and requirements for maintaining and protecting a property, typically during periods when it is vacant or under the care of a third party. This clause outlines the types of services to be performed, such as securing the premises, performing necessary repairs, and ensuring compliance with local codes or lender requirements. By specifying these obligations, the clause ensures that the property remains in good condition, prevents deterioration or damage, and helps preserve its value during transitional periods.
PROPERTY PRESERVATION SERVICES. Altisource will complete at least 90% of all orders placed within a calendar month for Property Preservation Services requested pursuant to this SOW within the following standard turn times. Initial Securing with Approved Lock 5 days Lock Change/Entry Lock/Securing 5 days Lock Box 5 days Padlock 5 days Dead Bolt 5 days Sliding Door Secure/Slider Lock 5 days Window Lock 5 days Patio Door 5 days Boarding Small Opening 5 days Boarding Medium Opening 5 days Boarding Large Opening 5 days Boarding Sliding Glass or Double Door 5 days Boarding Single Car Garage Door 5 days Boarding Double Car Garage Door 5 days Boarding (over 112 square feet) Quote Security Door with Hinges & Padlock/Hasp 5 days Boarding Large Front Door 5 days Dry Winterization 15 days Wet Winterization 15 days De-Winterization 15 days Winterization Re-check 15 days Pump Out Water and Dry One-Time Only Quote Replace Sump Pump 5 days Initial Grass Cut - Under 15,000 square feet 5 days Initial Grass Cut - 15,001 square feet to 1 acre 5 days Initial Grass Cut - Over 1 acre Quote Re-Cut Grass - Under 15,000 square feet 5 days Re-Cut Grass - 15,001 square feet to 1 acre 5 days Re-Cut Grass - Over 1 acre Quote Snow Removal - Under 15,000 square feet 5 days Snow Removal - 15,001 square feet to 1 acre 5 days Snow Removal - Over 1 acre Quote Tree or Shrub Trimming 5 days Tree Removal Quote Weed Removal Quote Exterior Dry Leaves Removal 5 days Other Landscaping Quote Clean and Cover Pool Quote Maintain Swimming Pool (including chemicals and hardware) Quote Repair Pool Quote Remove Pool Quote Debris Removal Quote Automobile Removal 5 days Tire Removal 5 days Hazard Removal Quote Other Removal Quote Discoloration Remediation Quote Interior Repairs Quote Exterior Repairs Quote Structural Repairs Quote Roof Repairs Quote Other Life Safety Remediation Quote Initial Janitorial Service 5 days Monthly Sales Cleaning 5 days Battery Replacement 5 days Carbon Monoxide Detector Installation 5 days Smoke Detector Installation 5 days Combination Carbon Monoxide/ Smoke Detector Installation 5 days Meet and Greet (form completion) 5 days Successful Completion of Cash-for-Relocation Negotiation 5 days Eviction Hearing (vendor participation in court hearing) Quote Eviction Lockout Quote Meet and Greet (form completion) 5 days Successful Completion of Cash-for-Redemption Negotiation 5 days Code Violation Management and Mitigation Quote Code Violation Fine Negotiation N/A Trip Charge if required to meet utility service provid...
PROPERTY PRESERVATION SERVICES. Activity Fee Per Activity Securing Boarding Winterization Lawn Maintenance * Material omitted pursuant to a request for confidential treatment. An unredacted version of this exhibit has been filed separately with the Securities and Exchange Commission. Pool Maintenance Debris and Hazard Removal Discoloration Remediation Health and Life Safety Issue Remediation Miscellaneous Preservation Activities Cash-for-Relocation and Eviction Services * Material omitted pursuant to a request for confidential treatment. An unredacted version of this exhibit has been filed separately with the Securities and Exchange Commission. Cash-for-Redemption Services Code Violation Management and Mitigation Management of Utilities and HOA Marketing Signs
PROPERTY PRESERVATION SERVICES. Tending to and managing only the physical aspects of any real property on behalf of a client (e.g., scheduling, coordinating, and/or setting up any repairs or maintenance concerning a client’s real property). ● Qualifying Sale Transaction - A Transaction that generates Company Dollar of at least $200 and is not a Personal Transaction. ● Residential Property - Any real property that is zoned to accommodate a residential dwelling having not less than one (1) and not greater than four (4) dwelling units, whether such real property is vacant land or improved real property. ● REBNY - An abbreviation for the Real Estate Board of New York. ● RESPA - An abbreviation for the Real Estate Settlement Procedures Act.