Document background
A Long Term Lease Agreement is essential for establishing extended rental arrangements in Austria, typically used for periods exceeding one year. This document is fundamental for both commercial and residential property leases, providing comprehensive coverage of rights, obligations, and operational aspects of the lease relationship. It must comply with Austrian legal requirements, particularly the ABGB (Austrian Civil Code) and MRG (Tenancy Act), which provide specific provisions for rent calculation, maintenance obligations, and tenant protections. The agreement is crucial for securing long-term property rights and obligations, managing risk, and ensuring legal certainty for all parties involved. It's particularly important in commercial contexts where significant investments may be made in the leased property.
