Use and Maintenance of Premises. Manager agrees to use best efforts not to permit the use of the residential portion of the Premises for any purpose which might void any policy of insurance held by Owner or Manager or render any loss thereunder uncollectible, or which would be in violation of any law, ordinance, bylaw or governmental or other restrictions. It shall be the duty of Manager at all times during the term of this Agreement to operate and maintain the residential portion of the Premises in a first-class manner consistent with the expressed plan of Owner and the budgetary constraints set by Owner. Full compliance by the residential tenants with the terms and conditions of their respective leases shall be pursued, and to this end, Manager shall see that all residential tenants are informed with respect to rules, regulations and notices contained therein. Manager shall be expected to perform such other acts and deeds as are reasonable, necessary and proper in the discharge of its duties under this Agreement.
Appears in 1 contract
Sources: Residential Management Agreement (Cornerstone Properties Inc)
Use and Maintenance of Premises. Manager agrees to use best efforts not to permit the use of the residential commercial portion of the Premises for any purpose which might void any policy of insurance held by Owner or Manager or render any loss thereunder uncollectible, or which would be in violation of any law, ordinance, bylaw or governmental or other restrictions. It shall be the duty of Manager at all times during the term of this Agreement to operate and maintain the residential commercial portion of the Premises in a first-class manner consistent with the expressed plan of Owner and the budgetary constraints set by Owner. Full compliance by the residential commercial tenants with the terms and conditions of their respective leases shall be pursued, and to this end, Manager shall see that all residential commercial tenants are informed with respect to rules, regulations and notices contained therein. Manager shall be expected to perform such other acts and deeds as are reasonable, necessary and proper in the discharge of its duties under this Agreement.
Appears in 1 contract
Sources: Commercial Management Agreement (Cornerstone Properties Inc)