Document background
The Lease Termination Contract is a crucial document used when parties mutually agree to end a lease agreement before its natural expiration or to formally document the end of a lease term. This document is specifically designed to comply with Austrian legal requirements, particularly the Mietrechtsgesetz (MRG) and relevant provisions of the ABGB (Austrian Civil Code). It serves to protect both landlord and tenant interests by clearly documenting the termination terms, final obligations, and release of future responsibilities. The contract typically includes essential elements such as property handover procedures, security deposit arrangements, and final utility settlements. It's particularly important in commercial contexts where significant property values and business interests are involved, though it's equally applicable to residential leases.
