MAINTENANCE ADDENDUM Sample Clauses
A Maintenance Addendum is a contractual provision that outlines the responsibilities and procedures for maintaining property, equipment, or leased premises. It typically specifies which party is responsible for routine upkeep, repairs, and associated costs, and may detail required standards or schedules for maintenance activities. By clearly allocating maintenance duties, this clause helps prevent disputes over repair obligations and ensures that the property or equipment remains in good condition throughout the contract term.
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MAINTENANCE ADDENDUM. Policy Disclosure Letter
MAINTENANCE ADDENDUM. Bond Requirement of Co-op Contractors. The Co-op shall keep CTC Housing in good repair in accordance with the provisions of the Maintenance Addendum. Where the University’s property insurance covers damage to CTC Housing, the Co-op shall cooperate with the University in making its claim and shall comply with requirements of the insurance policy in order to preserve the University’s coverage. All contractors engaged by the Co-op to perform services or provide materials valued in excess of $5,000.00 relating to the maintenance and repair of CTC Housing shall provide a payment and performance bond for the benefit of the Co-op and the University in a form satisfactory to the University.