Common use of Changes in Requirements Clause in Contracts

Changes in Requirements. The completed building was erected in accordance with statutory requirements in force at the date of the urban development permit. If new laws or regulations or new permits oblige Landlord to carry out additional work, it will carry it out and will increase the rent by an amount equal to interest calculated at the rate of statutory interest on amounts invested, and an annual amount equal to the annual amortization of the expenses incurred by Landlord, such expenses being distributed among the Tenants based on the shares of each of them in the common charges. In regard to the Leased Premises, Tenant undertakes to take upon itself and pay all expenses that may result from any changes to be made in the Leased Premises and their installations imposed by any current or future legislation, especially concerning health, safety and working conditions, both when taking possession of the premises and during the lease, or will reimburse Landlord for the work undertaken by it in order to bring it up to standard, without right to claim reimbursement from Landlord upon its departure, or request the termination of this contract for any reason whatsoever. Such works fall within the scope of Article 12 of these general conditions.