Major Repairs. All repairs to the Leased Property of every kind and nature, whether interior or exterior, structural or non-structural (including, without limitation, all parking decks and parking lots), which extend the life of the Leased Property (as opposed to being routine maintenance and repair expenditures), as shall be necessary or appropriate from time to time during the Term.
Major Repairs means those works to a Property owned by a Registered Provider which are necessary to ensure the continued habitability of the Property, excluding re-improvements, and which fall into the following categories:
Major Repairs means repairs to or rebuilding of the frame, steering, suspension, or braking systems. Major repairs to braking systems does not include routine maintenance such as replacing brake shoes, pads or drums.
Examples of Major Repairs in a sentence
Major Repairs ReserveThe Council is required to maintain the Major Repairs Reserve, which controls an element of the capital resources limited to being used on capital expenditure on HRA assets or the financing of historical capital expenditure by the HRA.
Major Repairs Reserve The Council is required to maintain the Major Repairs Reserve, which controls the application of the Major Repairs Allowance (MRA).
These reserves are explained in the relevant policies.The HRA Resource Accounting regime also requires the maintenance of a Major Repairs Reserve, which represents the balance of the HRA Major Repairs Allowance not yet used to fund major repairs to housing stock.
The Council is required to maintain a Major Repairs Reserve (MRR).
The exceptions allowed by the code and by statute are: a The Major Repairs Reserve, which is a statutory reserve for Housing Revenue Accounts in England and Wales.
More Definitions of Major Repairs
Major Repairs and “Alterations” shall mean the following:
Major Repairs means those repairs payable with funds appropriated in the general appropriations act, except those funds transferred from the operating budget of one governmental body to supplement and complete a project under contract by the division of administration facility planning and control section.
Major Repairs means, any repair or replacement to the pre-existing elements that (a) is not ordinary maintenance; (b) for which the cost exceeds $2,000; and (c) that is expected to occur after registration of the condominium corporation because the remaining service life of the pre-existing elements or a subsequent service life of them has come to an end.Service Life means, in relation to the pre-existing elements, (a) the length of time, as accepted in the industry, between full replacements of an element or system of the pre-existing elements, and (b) the length of time until a major repair that includes less than full replacement is typically needed to an element or system of the pre-existing elements. Remaining Service Life means, in relation to pre-existing elements, the time period between their current age and the time when major repairs to them are next expected to become necessary. Expected Major Repair Schedule The report must include an expected major repair schedule. This schedule shows the major repairs which are expected to occur within the initial period.8 The expected major repair schedule must be developed, taking into consideration the visual condition, the state of obsolescence, the findings of the required testing, the state of fitness for habitation, and a comparison against the requirements of the Ontario Building Code (per the OBC compliance section of the capital replacement plan) and requirements of applicable laws (per the applicable laws section of the capital replacement plan). Forecasted Budgets and Timing For both the 45-year major repair schedule and the expected major repair schedule, all expenditure forecasts must be “all-in” costs. This means that they must include all construction costs, including mobilization, demobilization, permit, bonding, access and “all-other-items” costs related to the project, as well as a reasonable construction contingency, allowance for engineering or other costs related to oversight of the project and applicable taxes. Expenditure forecasts must take into consideration the fact that the work will be done in an occupied building with related requirements to manage phasing and related challenges (i.e. relocating vehicles to permit garage repairs). Pricing should be representative of what a typical condominium corporation could be expected to obtain when tendering work. The cost information used by the consultant should be based on the consultant’s own cost database from similar projects, historical costs prov...
Major Repairs means any repair (or concurrently performed repairs) that cost in excess of Ten Thousand Dollars ($ 10,000).
Major Repairs means repairs costing more than Five Hundred Dollars, ($500.00) individually or aggregating more than One Thousand Dollars, ($1,000.00) in any lease year in respect of any one such system.
Major Repairs means those works to a Property that is owned by an Unregistered Body that is an almshouse, which are necessary to ensure the continued habitability of the Property, excluding re-improvements, and which fall into the following categories:
Major Repairs means those repairs payable with funds appropriated