Damage to Common Elements Sample Clauses

The 'Damage to Common Elements' clause defines the procedures and responsibilities when shared areas or facilities within a property, such as lobbies, hallways, or recreational spaces, are damaged. Typically, this clause outlines who is responsible for repairs, how costs are allocated among unit owners or the association, and the process for restoring the affected areas. Its core function is to ensure a clear and fair approach to repairing and funding the restoration of common property, thereby minimizing disputes and maintaining the property's overall condition.
Damage to Common Elements. If any portion of the common elements is damaged due to fire, hurricane, or 46 other casualty before Closing, either party may cancel this Contract and Buyer’s deposit(s) will be refunded if (i) 47 as a result of damage to the common elements, the Property appraises below the purchase price and either 48 the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (ii) the Association 49 cannot determine the assessment attributable to the Property for the damage at least 5 days before 50 Closing, or (iii) the assessment determined or imposed by the Association attributable to the Property for the ________________ ______ 51 damage to the common elements is greater than $ or % (1.5% if left blank) of the ________________ ________________ 52 purchase price.
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Damage to Common Elements. Owners shall be responsible for any damage to the common elements of the building caused by contractors employed by them or damage caused to the apartments within the building. CONTRACTOR(S) RESPONSIBILITIES & WORK RULES • COMPLETED CONTRACTOR(S) AGREEMENT & INSURANCE: Prior to start of work, all contractors performing work in a unit must present a certificate of insurance to the Management Office indemnifying the Plaza on ▇▇▇▇▇▇ Condominium Association, its Officers, Directors, Members, Unit Owners, Employees and Assigns, the Managing Agent and its employees from all liability whatsoever. Failure to do so will require Management to refuse entry to your contractor. Please be sure to have the insurance carrier note on the Insurance Certificate the Unit # where the work is being done.
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Damage to Common Elements. If any portion of the common element is damaged due to fire, hurricane or 95 97 98 99 100* other casualty before closing, either party may cancel the Contract and Buyer’s deposit shall be refunded if (a) as a result of damage to the common elements, the Property appraises below the purchase price and either the parties cannot agree on a new purchase price or Buyer elects not to proceed, or (b) the Association cannot determine the assessment attributable to the Property for the damage at least 5 days prior to Closing Date, or
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Related to Damage to Common Elements

  • DAMAGE TO FACILITIES The Student will promptly report damages and request necessary repairs, in accordance with established and published procedures. The Student is responsible for damages caused by the Student. Damages to shared or common areas not attributable to a responsible person are the joint responsibility of all persons sharing the space or area. UCF DHRL reserves the right to charge the Student for damages caused by the Student. Charges may include, but are not limited to, extraordinary pest control charges, repair of walls, furniture or fixtures, and damages to common areas. UCF DHRL also reserves the right to charge the Student for a portion of damages caused to spaces shared by the Student when the person responsible for damages to shared spaces cannot be identified.

  • Damage to Property Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

  • DAMAGE TO THE PROPERTY If the property is damaged, by fire or other casualty, after the Effective Date and before the Closing, the Seller will bear the risk of loss and the Buyer may cancel this Agreement without liability and the Escrow Money shall be returned to the Buyer. Alternatively, the Buyer will have the option of purchasing the Property at the agreed-upon Purchase Price and the Seller will credit the deductible, if any, and transfer to the Buyer at Closing any insurance proceeds or Seller's claim to any insurance proceeds payable for the damage. The Seller will cooperate with and assist the Buyer in collecting any such proceeds. The Seller shall not settle any insurance claim for damage caused by casualty without the consent of the Buyer.

  • Personal Property Damage Upon submission of reasonable proof the Employer shall repair or indemnify with respect to damage to the chattels of an employee while on duty caused by the actions of a patient, resident or client provided such personal property is an article of use or wear of a type suitable for use while on duty.

  • Damage to Personal Property The Employer will provide reimbursement for reasonable repair or replacement of damages incurred to the employee's eyeglasses, contact lenses or other prosthesis, ripped uniforms, or personal clothing, as a result of being assaulted while performing his/her work. The employee must report the incident by the end of their shift. The employee will present her or his receipt to the Employer within seven (7) days after the event, unless it was impossible for her or him to do so during this period. The Employer will reimburse up to a maximum of one hundred dollars ($100) per incident except for eyeglasses, which shall have a maximum reimbursement of three hundred dollars ($300).