Common use of Management and Maintenance Clause in Contracts

Management and Maintenance. Seller agrees to continue reasonable management and maintenance of the improvements on the Property from and after the date of mutual execution of this contract to the closing date, to commit no waste or nuisance and not to knowingly violate any zoning ordinance or building permit. Seller agrees that all insurance shall be kept in effect by the Seller until the closing date. Seller further agrees to maintain the Property in good repair and in the same condition, ordinary wear and tear excepted, as of this date and not to remove any personal property from the Property. Seller further agrees to assign to Buyer on the closing date all existing contractors or manufacturers warranties on the Property, if any. Seller shall complete replacement of all stairways.

Management and Maintenance. Seller agrees to continue reasonable management and nd maintenance of the improvements on the Property from and after the date of mutual execution of this contract to the closing date, to commit no waste or nuisance and not to knowingly violate any zoning ordinance or building permit. Seller agrees that all insurance shall be kept in effect by the Seller until the closing date. Seller further agrees to maintain the Property in good repair and in the same condition, ordinary wear and tear excepted, as of this date and not to remove any personal property from the Property. Seller further agrees to assign to Buyer on the closing date all existing contractors or manufacturers manufacturers' warranties on the Property, if any. Seller shall complete replacement of all stairways.