Common use of RENOVATION OF PROPERTY Clause in Contracts

RENOVATION OF PROPERTY. Altisource will renovate properties acquired by Residential consistent with the Final Scope of Work. Altisource will pull any required permits and renovate the property according to the Final Scope of Work, consistent with local rules and regulations. Altisource will update the renovation schedule on a regular basis through completion, including any required inspections, lien releases, and closeout of any permits.