Preservation Maintenance Plan Clause Samples
A Preservation Maintenance Plan clause outlines the requirements and procedures for maintaining and preserving a property, asset, or site in a specified condition over a defined period. Typically, this clause details the standards of care, frequency of inspections, and specific maintenance tasks that must be performed, such as landscaping, repairs, or environmental controls. Its core practical function is to ensure that the property or asset remains in good condition, preventing deterioration and protecting its value throughout the term of an agreement.
Preservation Maintenance Plan. If the Premises (or any part of the Premises) are Historic Property, the Lessee must repair and maintain all portions of the Premises that are Historic Property through a Preservation Maintenance Plan prepared by the Lessee and approved by the Lessor as appropriate and consistent with the requirements of the Secretary’s Treatment Standards and NPS 28. The Lessee must submit a proposed Preservation Maintenance Plan to the Lessor within thirty (30) calendar days of the Commencement Date. The plan, when approved by the Lessor, will become an exhibit to this Lease without further action, and the Lessee must comply with its terms. After consulting with the Lessee, the Lessor may make reasonable modifications to the plan from time to time to reflect changing maintenance and repair needs of the Premises.
Preservation Maintenance Plan. The Lessee shall repair and maintain all portions of the Premises that are Historic Property through a Preservation Maintenance Plan prepared by the Lessee and approved by the Lessor as appropriate and consistent with the requirements of the Secretary’s Treatment Standards and NPS 28. The Lessor may make reasonable modifications to the plan from time to time to reflect changing maintenance and repair needs of the Premises. The Lessee shall submit a proposed Preservation Maintenance Plan to the Lessor within thirty (30) calendar days of the Commencement Date. This plan, once approved, will become part of Exhibit D.
Preservation Maintenance Plan. If the Premises (or any part of the Premises) are Historic Property, the Lessee must repair and maintain all portions of the Premises that are Historic Property through a Preservation Maintenance Plan prepared by the Lessee and approved by the Lessor as appropriate and consistent with the requirements of the Secretary’s Treatment Standards and NPS 28. The Lessee must submit a proposed Preservation Maintenance Plan to the Lessor within thirty (30) calendar days of the Commencement Date. The plan, when approved by the Lessor, will become an exhibit to this Lease without further action, and the Lessee must comply with its terms. After consulting with the Lessee, the Lessor may make reasonable modifications to the plan from time to time to reflect changing maintenance and repair needs of the Premises. In the event the Lessee does not comply with the conditions and specifications of the plan, the Lessor will require the Lessee to take corrective action; if required corrective action is not completed timely, the Lessee shall be in default.