Common use of Notice of Completion and Inspection Clause in Contracts

Notice of Completion and Inspection. a. Each applicable Owner, Property Manager and Contractors agree to inform the Fair Housing Groups in writing of the completion of the agreed upon alterations from the Punch List at the Properties within thirty (30) days of the completion of the alterations at each Property. b. Each applicable Owner, Property Manager and Contractors agree that they will employ an independent third-party consultant mutually agreed upon by the parties to conduct an on-site inspection of the agreed upon alterations at the exterior of each Property within sixty (60) days of the completion of the alterations at the Properties, cumulatively, and to prepare a written report describing the alterations and whether or not the alterations comply with the modifications agreed to by the Parties on the Punch List. Inasmuch as items 8, 9 and 10 on the Punch List are policy changes and not physical alterations, the inspection report shall not include them. The report shall be provided to the Fair Housing Groups within fifteen (15) days of its submission by the consultant. The Parties agree that ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ & Associates, LLC is an acceptable independent third-party consultant. c. If this inspection report indicates that any of the required alterations have not been made as specified herein, the applicable Owner, Property Manager and Contractors agree to (1) correct any deficiencies within thirty (30) days of that notice or the time allowed by the original timeline, whichever is later, and (2) provide documentary and photographic evidence of the correction of such alterations to the Fair Housing Groups. If the inspection report indicates that all of the required alterations for the applicable Property have been made (a “Satisfactory Inspection Report”), the obligations of the applicable Owner under this Agreement shall be deemed satisfied.