2011-100 Housing - The Landings at Winmore, LLC - Crosland, LLC - Community Home Trust - Development Agreement $300,000

Browse Search

For this purpose, Agent is authorized to consult with legal counsel to bring actions for eviction and to execute notices to vacate and judicial pleadings incident to such actions; provided, however, that Agent shall keep Owner informed of such actions and follow such instructions as Owner may prescribe for the conduct of any such action. Agent shall give written notice of lease termination in accordance with the provisions of the applicable lease form and with any applicable requirements of federal, state, and local law. Agent also shall keep Owner informed of actions taken. Reasonable attorneys' fees and other necessary costs incurred in connection with such actions will be paid out of the Operating Account as Property expenses. 11. Maintenance and Repair. At all times during the term of this Agreement, Agent will maintain the Property in good repair in accordance with {i) the terms of the Management Plan; (ii) all applicable rules, ordinances, regulations and laws; and (iii) the reasonable expectations of Owner. This witl include, but not be limited to, cleaning, painting, decorating, plumbing, carpentry, grounds care, and such other maintenance and repair work as may be necessary, subject to any limitations imposed by Owner in addition to those contained herein. lncident thereto, the following provisions will apply: (a) Agent will complete preventive maintenance activities in the most cost-effective manner possible. (b) Agent will contract with qualified independent contractors for repairs beyond the capability of regular maintenance employees, in accordance with applicable procurement policies of Owner. {c) Agent will systematically receive and investigate all service requests from residents, take such reasonable action thereon as may be justified and will keep records of same. Emergency requests will be received and serviced on a twenty-four (24) hour basis. Non-emergency services shall be completed within ten (10) days. (d) Agent is authorized to purchase all materials, equipment, tools, appliances, supplies and services reasonably necessary for property maintenance and repair. Agent will secure for and credit to Owner any discounts, commissions or rebates obtained as a result of such purchases. {e} Notwithstanding any of the foregoing provisions, the prior approval of Owner will be required for any expenditure which exceeds $2,500 in any one instance for labor, materials, services, or other wise in connection with the maintenance and repair of the Property, except for recurring expenses within the limits of the Management Plan, operating budget (as approved by Owner}, or emergency repairs involving manifest danger to persons or property, or required to avoid suspension of any necessary service to the Property. In the latter event, Agent will inform Owner of the facts as promptly as possible.