Rent Ready Condition means: interior carpets have been cleaned or replaced as necessary, freshly painted interior walls, working kitchen appliances (and water heaters and HVAC to the extent such items serve only the individual vacant unit(s)), and no material damage to the doors, walls, ceilings, floors or windows inside such vacant units.
Rent Ready Condition means “made ready” and suitable for occupancy in accordance with the Company’s current standards.
Rent Ready Condition means 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.
Examples of Rent Ready Condition in a sentence
Rent Ready Condition means that the unit is habitable under applicable law, clean according to Manager’s standards, that all amenities are in working order and that the unit has been re-keyed, at Owner’s expense, since the prior tenant.
Purchaser shall receive a credit against the cash due at Closing in the amount of $250.00 for each apartment which has been vacant for greater than fifteen (15) days and which is not in a Rent Ready Condition.
Not less than three (3) Business Days prior to the Closing Date, Seller and Purchaser shall jointly inspect the Property and shall mutually agree on a list of the Vacant Units, which list shall specify those Vacant Units that are not in Rent Ready Condition.
On the Closing Date, all apartments that were vacated greater than fifteen (15) days prior to Closing shall be in a "Rent Ready Condition".
Seller shall use commercially reasonable efforts to deliver all apartment units which are vacant as of the Closing Date (each, a "Vacant Unit") in Rent Ready Condition (as hereinafter defined).
More Definitions of Rent Ready Condition
Rent Ready Condition means interior carpets have been shampooed, interior walls have been freshly painted, kitchen appliances (and water heaters and HVAC to the extent such items serve only the individual Vacant Unit(s)) are in working order, and there is no material damage to the doors, walls, ceilings, floors and windows inside such Vacant Units..
Rent Ready Condition means Seller’s practice and procedures, as of the date of this Agreement, for placing units in “rent ready” condition. Nothing contained in this subparagraph (e) shall be construed as limiting Buyer’s rights and Seller’s obligations under the other provisions of this Agreement.
Rent Ready Condition means that all such vacant apartments shall be suitable for occupancy by tenants, including, without limitation, new interior paint, floors fully covered with a combination of tile or linoleum and carpeting, in each case in accordance with Seller's customary practice. If any such apartment is not in a “Rent Ready Condition,” or if any appliance located therein is not in working order as of the Closing Date, Seller agrees, in either instance, that Seller shall have no obligation to put such units into rent-ready condition but instead will give Buyer at Closing a credit equal to Five Hundred and no/100 Dollars ($500.00) for each such unit.
Rent Ready Condition shall have the meaning ascribed in Section 8.4.
Rent Ready Condition means a Vacant Unit that has been thoroughly cleaned and repainted since being vacated and contains the following: (1) a refrigerator-freezer unit in good condition and working order; (2) a dishwasher, garbage disposal, stove, oven, and microwave in good condition and working order; (3) plumbing, heating, air conditioning, and electrical systems in good condition and working order; (4) floors fully covered with a combination of tile, linoleum or carpet, and that since the unit was vacated (a) all tile and linoleum has been replaced and/or thoroughly cleaned consistent with Seller's prior practices for vacant units to be re-leased and (b) all carpeting has been replaced or steam cleaned by a professional third party vendor; and (5) blinds and/or drapes on all windows in good condition and working order. "Vacant Unit" shall mean any residential apartment unit at the Properties that is unoccupied as of the Closing Date and that was vacated by the tenant most recently occupying such unit at least three (3) Business Days prior to the Closing Date (i.e., if a unit becomes vacant less than three (3) Business Days prior to the Closing Date, it is not a "Vacant Unit" as to which Purchaser might be eligible to receive a credit). If requested by Purchaser, representatives of Sellers and Purchaser shall conduct a walk-through (the "Walk-Through") of the Properties on or around the third (3rd) Business Day prior to the Closing Date in order to determine the amount of such credit, if any, to be given to Purchaser.
Rent Ready Condition means that all apartments are ready for occupancy, have been constructed in accordance with the Plans and Specifications fully equipped, painted and carpeted and to the extent such units have been occupied and vacated five (5) days prior to the Closing Date such units shall have been thoroughly repaired, cleaned and recently painted (within a reasonable time prior to the Closing Date). If any apartment is not in a “Rent Ready Condition” five (5) days prior to Closing, Seller agrees to provide Buyer with a credit of $500.00, without waiving Seller’s other obligations under this Agreement to cause the Property to be completed in accordance with the Plans and Specifications on or before the Outside Completion Date.
Rent Ready Condition means that all vacant apartments have been thoroughly cleaned and that all apartments contain the following: (1) refrigerator-freezer unit in working condition; (2) dishwasher (to the extent in the majority of the other units) in working condition, stove in working condition; (3) plumbing, heating, air conditioning and electrical outlets and fixtures in working order for such units; (4) floors fully covered with a combination of tile or linoleum and carpeting, all of which shall be in average or better condition; and (5) blinds and/or drapes on all windows in average or better condition. If any such apartment is not in a “Rent Ready Condition,” or if any appliance or other item listed above is missing or not in working order as of the Closing Date, Seller agrees to reimburse Buyer for the reasonable repair costs of the same, and if missing or not repairable, shall pay for the cost of replacing same. Notwithstanding the above, this Section 14g is not intended to modify the casualty provisions of Section 16 and Seller shall not be obligated to restore apartments that are in disrepair due to casualty and said casualty shall be handled pursuant to the provisions of Section 16.