Common use of Routine Repairs and Maintenance Clause in Contracts

Routine Repairs and Maintenance. A. Operator shall maintain the Retirement Community in good repair and condition and in conformity with Legal Requirements and Marriott Standards and shall make or cause to be made such routine and preventative maintenance, repairs and minor alterations, the cost of which can be expensed under GAAP, as it, from time to time, deems necessary for such purposes. The cost of such maintenance, repairs and alterations shall be paid from Gross Revenues and shall be treated as an Operating Expense in determining Operating Profit. B. Operator shall (pursuant to a schedule which shall be subject to the reasonable approval of both Owner and Operator) arrange for and coordinate routine and other appropriate inspections of the structure, exterior facade, roof, parking areas, and other significant physical components of the Retirement Community, and of the mechanical, electrical, heating, ventilating, air conditioning, plumbing, and vertical transportation elements of the Retirement Community. The costs of such inspections shall be treated as Operating Expenses. C. Operator shall submit to Owner (at the same time as the submission of the Annual Operating Projection) a signed copy of an annual report summarizing all significant preventative maintenance activities (including repairs, alterations and inspections conducted at the Retirement Community) on all building components of the Retirement Community during the previous twelve (12) calendar months.