Owner’s Responsibility Sample Clauses: 215 Samples | Law Insider (2024)

Owner’s Responsibility.

Owner recognizes and agrees that his right to participate in the rental pool depends upon his maintaining the interior of his condominium apartment in a first-class occupancy condition, and Owner agrees, so long as he is a party to this Agreement, that he will so maintain the interior of his apartment. Agent, in its sole discretion shall have the right to take such steps as necessary to bring the interior of the apartment to such condition, including but not limited to redecoration of walls and ceilings and replacement or repairs of draperies, carpeting, furniture and equipment. Costs for such expenditures shall be charged against the Escrow Account more fully described hereafter in paragraph 19, and if said account is insufficient, the balance of such costs may be deducted from any amounts owning to Owner from his share of the rental pool, provided, however, that in the event the proposed expenditure would both exceed the amount in the Escrow Account and is over One Hundred ($100.00) Dollars, Agent agrees to get Owner's permission prior to making such expenditures, provided further that should Owner refuse to authorize such expenditures, Agent may forthwith terminate this Agreement. In the event Agent shall exercise its right to bring a rental unit into first-class occupancy condition as provided in this paragraph 6, subject to the Owner's right of approval, if applicable, and such expenditures exceed both the amounts in the Escrow Account and owing to Owner from his share in the rental pool, Owner agrees to promptly fully recompense Agent for the balance of said expenditures. In the event Owner fails to so recompense Agent, Agent may forthwith terminate this Agreement as to such apartment unit, and upon due notification to SADDLEBROOK RESORT CONDOMINIUM ASSOCIATION, INC., the said Association will recompense Agent and exercise such remedies against Owner and/or his apartment unit as are set forth in the Articles of Incorporation and By-Laws of such Association pertaining to assessments. Owner further agrees that the Agent shall have the right to reasonable inspection of the interior of the Owner's apartment in order to satisfy itself that the unit is being so maintained, and Agent shall at all times have a passkey to Owner's apartment. No apartment Owner shall alter any lock or install any new lock on any doors leading into his apartment without the consent of the Agent, and if such consent be given, the Agent shall be provided with a key.

Owner’s Responsibility Sample Clauses: 215 Samples | Law Insider (2024)
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