Common use of Alterations and Repair Clause in Contracts

Alterations and Repair. 10.1. The Lessee agrees that it shall, at its cost and expense, at all times aim to maintain the Leased Apartment in good condition. 10.2. In the event the Lessee wishes to make or to cause to be made any alterations or other changes to the Leased Apartment (e.g. partitioning of a designated area) at its own expense, the Lessee shall notify the Owner in writing, setting forth the nature of the request, and providing professional drawings and plans at the Owner’s reasonable request. The Owner shall diligently review and consider such request, and respond in a timely manner. No such work may be performed by the Lessee without the express prior consent and approval of the Owner, which, subject to the Lessee meeting the Owner’s own demands and specifications for such work, shall not be unreasonably withheld by the Owner. 10.3. Upon expiration or termination of this Agreement, the Owner shall have the absolute right to request the Lessee to remove any of the work performed by the Lessee in accordance with clause 10.2 above and to restore the Apartment to the condition it was at the time the Lessee entered into this Agreement, excluding fair wear and tear at the Lessee’s cost and expense. 10.4. If, upon expiration or termination of this Agreement, the Owner does not exercise its absolute right to request the Lessee to remove any of the work, alterations, repairs, improvements or additions of a permanent nature (i.e. not including moveable items such as furniture, apartment equipment, telephone apparatuses, security systems and the like) which have been ordered and paid by the Lessee as per clause 10.2 or otherwise, such items shall belong to and shall be the sole property of the Owner, without the Owner having any obligation to pay any damages or any other consideration to the Lessee.