Replacements and Repairs. Pursuant to the Annual Budget and when applicable, Property Manager shall make or cause to be made all ordinary or emergency repairs and replacements necessary to preserve the Premises in its present condition, in all material respects, and for the operating efficiency thereof. Property Manager shall also perform all alterations required to comply with any lease requirements, work with municipalities to comply with any code or lender requirements, attend lender inspections and assist with the lender reserve requirement processes.
Appears in 2 contracts
Sources: Property Management Agreement (IPC Alternative Real Estate Income Trust, Inc.), Limited Liability Company Agreement (Inland Real Estate Corp)