Common use of Services, Repairs and Maintenance Cost of Owner Clause in Contracts

Services, Repairs and Maintenance Cost of Owner. Owner shall pay for the services, repairs and maintenance described under Sections 3.4, 3.5, 3.6, and 3.7, all Minor Capital Expenditures and Major Capital Expenditures. Manager shall notify Owner of any necessary repairs or replacements that qualify as Major Capital Expenditures, and Owner shall have the right, in its sole discretion, to proceed with such work. Manager shall supervise and monitor all Major Capital Expenditures.

Appears in 4 contracts

Samples: Property Management Agreement (Arrived STR 2, LLC), Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC)

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Services, Repairs and Maintenance Cost of Owner. Owner shall pay for the services, repairs and maintenance described under Sections 3.4, 3.5, 3.6, and 3.7required for a propety, all Minor Capital Expenditures and Major Capital Expenditures. Manager shall notify Owner of any necessary repairs or replacements that qualify as Major Capital Expenditures, and Owner shall have the right, in its sole discretion, to proceed with such work. Manager shall supervise and monitor all Major Capital Expenditures.

Appears in 3 contracts

Samples: Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR 2, LLC)

Services, Repairs and Maintenance Cost of Owner. Owner shall pay for the services, repairs and maintenance described under Sections 3.4, 3.5, 3.63.6,3.7, and 3.73.8, all Minor Capital Expenditures and Major Capital Expenditures. Manager shall notify Owner of any necessary repairs or replacements that qualify as Major Capital Expenditures, and Owner shall have the right, in its sole discretion, to proceed with such work. Manager shall supervise and monitor all Major Capital Expenditures.

Appears in 2 contracts

Samples: Property Management Agreement (Arrived STR 2, LLC), Property Management Agreement (Arrived STR, LLC)

Services, Repairs and Maintenance Cost of Owner. Owner shall pay for the services, repairs and maintenance described under Sections 3.43.05, 3.5, 3.63.06, and 3.73.07, all Minor Capital Expenditures and Major Capital Expenditures. Owner shall pay for any supplies and equipment described under Section 3.04. Property Manager shall notify Owner of any necessary repairs or replacements that qualify as Major Capital Expenditures, and Owner shall have the right, in its sole discretion, to proceed with such work. Property Manager shall supervise and monitor all Major Capital Expenditures.

Appears in 1 contract

Samples: Property Management Agreement (Mansion Collection I LLC)

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Services, Repairs and Maintenance Cost of Owner. Owner shall pay for the services, repairs and maintenance described under Sections 3.4, 3.5, 3.6, and 3.7, all Minor Capital Expenditures and Major Capital Expenditures. Owner shall pay for any supplies and equipment described under Section 3.4. Manager shall notify Owner of any necessary repairs or replacements that qualify as Major Capital Expenditures, and Owner shall have the right, in its sole discretion, to proceed with such work. Manager shall supervise and monitor all Major Capital Expenditures.

Appears in 1 contract

Samples: Property Management Agreement (Arrived STR, LLC)

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