Rent Ready Condition. If any apartment unit is vacated seven days or more prior to Closing, then, prior to Closing, Seller shall use commercially reasonable diligence to return such unit to rentable condition in accordance with Seller’s customary cleaning, painting, and repair standards for vacant units (the condition of such an apartment unit after cleaning is referred to herein as a “Rent Ready Condition”). To the extent any such units are not in a Rent Ready Condition by Closing, the Purchase Price shall be credited in an amount equal to $500 for each unit that is not in a Rent Ready Condition.
Rent Ready Condition. For any apartment unit that is vacated on or before the date that is seven (7) days prior to the Closing Date and is not in Rent Ready Condition by the Closing Date, Seller shall credit Buyer $750.00 for the cost and expenses to put such unit in Rent Ready Condition. As used herein, “Rent Ready Condition” shall mean the condition in which Seller currently delivers vacant units to new tenants at the Property, freshly painted and cleaned, with all appliances, fixtures, and equipment therein in good working order.
Rent Ready Condition. Owner agrees to do the following upon vacating the property:
a) Leave utilities ON (and thermostat set at 55°October through April to prevent freeze damage) while property is vacant.
b) Have smoke alarms installed on each floor or for the existing smoke alarms to be in good working order, to be tested and have fresh batteries and meet other requirements per your local jurisdiction. COLDWELL BANKER recommends the installation of a Carbon Monoxide detector in all properties with gas heat, oil heat, propane heat, or gas fixtures.
c) Owner agrees to supply the utility companies with permission slips authorizing them to xxxx Xxxxx, c/o Coldwell Banker (i.e. water/sewer).
d) Professionally service gas/oil furnaces.
Rent Ready Condition. Seller agrees that (a) prior to Closing all vacant Tenant Units at the Property (which have been vacant for at least five (5) days prior to Closing) will be in Rent-Ready Condition, or (b) Purchaser shall receive a credit against the Purchase Price in an amount equal to the product of (i) the number of vacant Tenant Units which are not in Rent-Ready Condition 5 days prior to Closing (which have been vacant for at least five (5) days prior to Closing), and (ii) $600.00.
Rent Ready Condition. Seller shall continue to "make ready" all Vacant Units (defined herein) in accordance with Seller’s current procedures and practices and shall deliver any Vacant Units in Rent Ready Condition (as defined below) at Closing. If any Vacant Units are not in Rent Ready Condition as of the Closing, Seller shall credit the Purchaser the Rent Ready Credit (as defined below) at Closing. Purchaser shall be permitted to inspect all Vacant Units at least three (3) days but not more than five (5) days prior to the Closing Date to verify the Rent Ready Condition thereof. As used in this Section 6.4, the term (i) "Rent Ready Condition" shall mean supplying operable kitchen appliances, installing new carpeting or cleaning existing carpeting, and repainting in to make apartment units in the Property ready for tenant occupancy, (ii) "Vacant Unit" shall mean any apartment or unit at the Property that is vacant as of the Closing Date and that was vacated by the Tenant most recently occupying such unit at least five (5) days prior to the Closing (i.e., if a unit becomes vacant less than five days prior to the Closing, it is not a "Vacant Unit" as to which Seller’s make ready obligations or Rent Ready Credit apply) and (iii) "Rent Ready Credit" shall mean $750.00 for each Vacant Unit not in Rent Ready Condition at Closing.
Rent Ready Condition. To the extent that any occupied apartment units at the Property become vacant at least five (5) days prior to the Closing Date (the “Rent-Ready Date”), Seller shall cause all such units to be put in Rent-Ready Condition prior to Closing. If any units are not in Rent Ready Condition by the Closing Date, Purchaser shall receive a credit against the Purchase Price equal to $750.00 for every such unit. For purposes of this Section 8.7, “Rent Ready Condition” shall mean the condition in which Seller currently delivers vacant units to new tenants at the Property in Seller’s ordinary course of business and operations, freshly painted and cleaned, with all appliances, fixtures, and equipment therein in good working order.
Rent Ready Condition. For any apartment unit that is vacated on or before the date that is five (5) Business Days prior to Closing that is not in Rent Ready Condition as of the date of Closing, Seller shall credit Buyer $800 for the cost and expenses to put the unit in Rent Ready Condition. “Rent Ready Condition” shall mean an apartment unit within the Property having cleaned carpets, newly painted walls, working kitchen appliances (and water heaters and HVAC), and no material damage to the doors, walls, ceilings, fixtures, floors or windows, such that the apartment unit is in a condition (consistent with the standards of similar units in the Property) for immediate rental and occupancy.
Rent Ready Condition. If any apartment unit is vacated seven days or more prior to Closing, then, prior to Closing, Seller shall use commercially reasonable diligence to return such unit to rentable condition in accordance with Seller’s customary cleaning, painting, and repair standards for vacant units (the condition of such an apartment unit after cleaning is referred to herein as a “Rent Ready Condition”). To the extent any such units are not in a Rent Ready Condition, the Purchase Price shall be credited in an amount equal to $500 for each unit that is not in a Rent Ready Condition. Notwithstanding the foregoing, no adjustment shall be due for any unit because of the incomplete Finish Work.
Rent Ready Condition. Management expects that all properties that enter our portfolio to be "Rent Ready". However, Management may assist in the first make-ready to remedy any items that are not to Agent' s standards and or needs completed prior to marketing/renting. This administrative service is billed at 10% of each invoice for coordinating with the vendors, scheduling, overseeing and paying for the work that is performed.
Rent Ready Condition. No later than four (4) Business Days prior to the Closing, Purchaser and Seller shall agree on the number of Tenant units at the Property that are vacant and not in Rent Ready Condition. If, on the Closing Date, any such vacant Tenant units are still not in Rent Ready Condition, then Purchaser shall receive a credit against the Purchase Price in an amount equal to the product of (i) the number of such vacant Tenant units, and (ii) $750.00. For purposes hereof, “
