House and Land Tax
The Owner shall be liable and responsible for payment of house and land tax at the rate
Prescribed by current applicable law, presently at the rate of twelve point five (12.5%)
Percent per annum. In the event where such applicable law is amended or changed,
Regardless of whether or not such amendment or change is made in respect of right,
Obligation and/or rate of tax, the Owner and the Tenant shall then agree on their right,
Obligation and duty or responsibility to pay such house and land tax.