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Lease Break Agreement
"I need a Lease Break Agreement for terminating a commercial office lease in Vienna early, with a planned termination date of March 31, 2025, including provisions for the removal of tenant-installed office equipment and settlement of outstanding utility bills."
1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any registration numbers for legal entities
2. Background: Brief description of the existing lease agreement, including its date, property address, and original term
3. Definitions: Key terms used in the agreement, including 'Termination Date', 'Property', 'Original Lease', etc.
4. Early Termination Agreement: Clear statement of mutual agreement to terminate the lease early and the effective termination date
5. Final Settlement: Details of final rent payment, utilities settlement, and handling of security deposit
6. Property Inspection and Handover: Requirements for property condition upon return and the inspection process
7. Release of Obligations: Mutual release of future obligations under the original lease, subject to completing all termination requirements
8. Governing Law: Confirmation that the agreement is governed by Austrian law
9. Signatures: Execution section for all parties to sign, including date and place of signing
1. Outstanding Repairs: Details of any repairs required before lease termination, used when property damage needs to be addressed
2. Modifications Restoration: Requirements for removing or retaining tenant modifications, used when tenant has made alterations to the property
3. Third Party Notifications: Requirements for notifying utility providers or insurance companies, used when such notifications are relevant
4. Key Return Protocol: Specific arrangements for returning keys and access devices, used for properties with multiple keys or security systems
5. Forwarding Address: Tenant's new address for future correspondence, used when ongoing communication might be necessary
1. Schedule 1 - Property Inventory: Detailed list of fixtures and fittings to be checked during final inspection
2. Schedule 2 - Settlement Calculation: Breakdown of final payments including rent, utilities, and security deposit calculations
3. Schedule 3 - Handover Protocol: Checklist for property inspection and handover process
4. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated
5. Appendix B - Property Photographs: Current photographs of the property condition (if required)
Authors
Original Lease
Property
Landlord
Tenant
Termination Date
Effective Date
Security Deposit
Handover Date
Outstanding Payments
Final Inspection
Handover Protocol
Premises
Rent
Operating Costs
Utilities
Business Day
Original Term
Break Notice
Settlement Amount
Vacant Possession
Keys and Access Devices
Property Manager
Inventory
Permitted Use
Property Handover
Final Settlement
Security Deposit
Utilities and Services
Release and Discharge
Property Condition
Key Return
Inspection
Outstanding Obligations
Representations and Warranties
Notices
Costs
Governing Law
Entire Agreement
Severability
Amendment
Counterparts
Assignment
Further Assurance
Force Majeure
Dispute Resolution
Confidentiality
Waiver
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Legal
Property Management
Real Estate Operations
Facilities Management
Asset Management
Tenant Relations
Contract Administration
Property Administration
Lease Administration
Operations
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Leasing Manager
Asset Manager
Operations Manager
Contract Administrator
Tenant Relations Manager
Real Estate Attorney
Property Administrator
Building Manager
Housing Manager
Commercial Property Manager
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