Property Repairs Sample Clauses
The Property Repairs clause outlines the responsibilities of parties regarding the maintenance and repair of a property during the term of an agreement. Typically, it specifies which party—such as a landlord or tenant—is obligated to perform routine maintenance, address damages, or undertake major repairs, and may set standards for the condition in which the property must be kept. This clause ensures that the property remains in good condition, allocates repair duties clearly, and helps prevent disputes over property upkeep.
Property Repairs. In conducting its inspection of the Property, Buyer discovered a need to (i) repair damage to the elevator on the Property, (ii) remedy soil contamination caused by the elevator damage and related leakage, and (iii) remove and replace asbestos roof screens (collectively, the “Property Repairs”).
Property Repairs. Design-Builder will promptly remedy damage and loss (other than damage or loss insured under property insurance required by the Design-Build Documents) to property referred to in Sections 10.1.1 through 10.1.4 to the extent caused by Design-Builder, the Design Professional, a Subcontractor of any tier, or anyone directly or indirectly employed by any of them, or by anyone for whose acts they may be liable under Sections 10.1.1 through 10.1.4, but not to the extent of damage or loss attributable to acts or omissions of THPRD or of anyone for whose acts THPRD is liable. The duties of Design- Builder under this Section 10.4.2 are in addition to and do not affect Design-Builder's indemnification obligations under this Agreement.
Property Repairs. Seller agrees to pay up to an aggregate sum of $12,000.00 to third parties or in reimbursement of expenses incurred by Buyer upon presentation of invoices for repairs, inspections or other improvements to the Property to remedy concerns raised by Buyer after its inspection and review of the Property (including without limitation any inspections and/or repairs required for transfer of roof warranties).
Property Repairs. The inspector shall not repair any conditions found during inspections, or endorse, recommend, or otherwise advise the use of specific individuals or business firms for such repair work.
Property Repairs. From the date hereof until the Closing Date, Seller may, but shall not be obligated to, undertake the Property Repairs in the ordinary course of business of the Company. In the event Seller undertakes the Property Repairs, the Parties acknowledge and agree that Seller shall have the right to hire contractors, subcontractors and other service providers to evaluate and perform the Property Repairs. The Parties acknowledge and agree that (a) in no event shall Seller’s failure to perform or complete the Property Repairs be considered a breach of any term, covenant or condition in this Agreement and shall not in any way affect any rights or obligations of any of the Parties under this Agreement, other than the calculation of the amount of the Repair Credit, and (b) neither Seller nor its Affiliates shall have any liability whatsoever to Buyer or its Affiliates arising out of or relating to the failure to perform or complete the Property Repairs, other than the amount of the Repair Credit.
Property Repairs. Lessee has identified certain property condition deficiencies described on Exhibit D attached hereto and made a part hereof (the “Repair Items”). Lessor hereby agrees to provide Lessee with a credit to the Leasehold Transaction Price in the amount of $65,990.00 (the “Repair Items Credit”). Lessor may elect to complete any or all of the Repair Items prior to Closing and, subject to Lessee’s confirmation that such Repair Items were repaired to Lessee’s reasonable satisfaction, the Repair Items Credit will be reduced in proportion to the cost allocated to such Repair Items on Exhibit D attached hereto. In the event the actual cost incurred by Lessee to complete any Repair Item exceeds the amount allocated to such Repair Item on Exhibit D attached hereto, Lessor shall reimburse Lessee for the additional cost within ten (10) business days after receipt of Lessee’s written request for reimbursement, which request shall include a copy of the final invoice and evidence of payment of such Repair Item. Lessor’s obligations under this Section 4 shall survive the Closing.
Property Repairs. 1. Call Center Services:
(a) Tenants will be provided 24-hour access to contact HSPM via telephone in the event of a required repair and/or emergency event.
(b) HSPM will take incoming call(s) and/or provide a voice mail system for tenants to leave a message requesting a repair.
(c) HSPM will provide corporate level back up on all call system(s) to support incoming calls for emergency repairs from tenants, agents, CLIENT and/or any of their designated affiliates. The back-up telephone system will be available 24 hours per day, 365 days per year (or 366 days in the event of a leap year).
(d) HSPM will classify calls pursuant to the definition and description of both non-emergency and emergency repairs as described in section I.2. of this Exhibit.
(i) Emergency Repair Calls: HSPM will respond to the tenant and initiate the work required to repair the issue within 4 hours of receipt.
(ii) Non–Emergency Repair Calls: HSPM will respond to the tenant within 4 hours of the regular opening of business the next Business Day.
(e) HSPM will determine if the repairs are subject to any home warranty purchased by CLIENT for the Property or are covered by property insurance.
Property Repairs. Seller and Buyer have agreed that Seller shall, at Seller’s expense, complete, or cause to be completed, the property repairs described in Schedule 2 attached to this Amendment to Buyer’s reasonable satisfaction prior to Closing. In the event that all or a portion of any such repairs are not completed prior to Closing, the Purchase Price shall be adjusted to provide the Buyer with a credit in the amount of the remaining cost of completing any incomplete repair, as such cost is reasonably determined by Buyer and not to exceed the estimated cost reflected in Schedule 2.
Property Repairs