NTE is the dollar amount that Great Jones is Not To Exceed without first notifying you of the cost and scope of maintenance work to be done. Although this amount may vary, it tends to be $350.
The benefits of an NTE amount are two-fold.
#1 - It prevents you from having to stay on top of every small, routine repair.
#2 - It ensures that you’re made aware of larger, more one-off repairs to your property.