Future Improvements. LCZ shall have the right to construct additional improvements to the Premises (all of which shall be considered to be the property of LCZ during the term of this Lease Agreement and shall be property of CITY as of the date of termination of this Lease Agreement, unless the Lease Agreement is renewed, without any requirement of compensation to LCZ) and to make all alterations or additions thereto and to remove, remodel, demolish, and rebuild the same provided CITY approves the same in writing. The cost of all alterations or additions shall be paid by LCZ.
Appears in 2 contracts
Sources: Construction and Ground Lease Agreement, Construction and Ground Lease Agreement