Maintenance and Repairs definition

Maintenance and Repairs. To have made or schedule repairs, improvements, and alterations required to maintain the Property in a good state of repair and appearance. To purchase or lease on behalf of the Owner, all equipment, tools, appliances, materials and supplies necessary for the continuous maintenance and operation of the Property. To hire outside contractors as necessary. Manager agrees to secure the prior approval of the Owner on all expenditures in excess of $10,000.00 for any one item, except when, in the opinion of the Manger, such maintenance or repairs are necessary to protect the property from damage or to maintain services to the tenants as called for in their leases (“emergency maintenance or repairs”). Manger will promptly notify Owner of any needed emergency maintenance or repairs. If Manager does not receive a timely response from Owner, Manager may proceed with the emergency maintenance and repairs. Owner understand and agrees Owner's Agent is not required to make inspections of the property for the purposes of structural defects and or any engineering concerns. Owner agrees not to hold Owner's Agent responsible for any damages, accidents or liability resulting from any such structural defects and or any engineering concerns that may result to any party, (tenant, guest, employee, owner, owner's agent or otherwise) anywhere on the property or otherwise. Owner understands and agrees Owner's Agent is only required to determine the needs for minor repairs and maintenance of said premises.
Maintenance and Repairs means maintenance, repair, restoration and replacement of Facility assets (with the exception of items constituting Capital Expenditures), in accordance with usual and customary industry practices consistent with those of other multi-modal transportation facilities of similar age, size and facilities.

Examples of Maintenance and Repairs in a sentence

  • Major Maintenance and Repairs Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.

  • Tenant Responsible for Maintenance and Repairs – Landlords need to pay for the property’s maintenance and repairs; however, many leases and rental agreements are written to purposely confuse tenants when describing the landlord’s responsibilities.

  • AND WHEREAS it has been stipulated by you in the said contract that the Supplier shall furnish you with a Bank Guarantee by a recognised Bank for the sum specified therein as security for compliance with the Supplier's performance obligations under the contract for Annual Maintenance and Repairs of the entire system including cost of spares after warranty period for next five years.

  • Maintenance and Repairs – Report the applicable amount of building and equipment maintenance and repair expenses related to the contracts include in the Cost Report Group.

  • AND WHEREAS it has been stipulated by you in the said contract that the Supplier shall furnish you with a Bank Guarantee by a recognised Bank for the sum specified therein as security for compliance with the Supplier's performance obligations under the contract for Annual Maintenance and Repairs of the entire system for next five years.


More Definitions of Maintenance and Repairs

Maintenance and Repairs means routine maintenance, preventative maintenance and repairs on the Water System including, without restriction and by way of example only:
Maintenance and Repairs means periodic expenditures that sustain an asset in good working order throughout its estimated useful life. Maintenance and repairs do not expand the capacity or extend the useful life of the asset and are therefore not capitalized.
Maintenance and Repairs means those reparations which are from time to time made to the plant in order
Maintenance and Repairs means those reparations
Maintenance and Repairs means those reparationswhich are from time to time made to the plant in order to keep the same in safe and efficient running-order, and includes the replacement of any small portion thereof up
Maintenance and Repairs. Add at the end thereof: "Landlord assumes, responsibility for any repairs necessitated as a result of a structural defect in the building. Should the entire roof of the Premises fail to the extend that it must in Landlord's sole opinion be replaced, the cost of such replacement would be Landlord's responsibility."
Maintenance and Repairs. Alterations: Signs: