Document background
The Mutual Lease Termination Agreement is a critical document used when both landlord and tenant agree to end their lease relationship before the originally planned termination date. This agreement, governed by Austrian law, particularly the ABGB and Mietrechtsgesetz, provides a structured framework for documenting the parties' consent and managing the termination process. It is commonly used in situations where circumstances change for either party, requiring an early but amicable end to the lease. The document typically includes specific provisions for property handover, financial settlements, and mutual releases, ensuring compliance with Austrian legal requirements while protecting both parties' interests. It's essential for both residential and commercial leases where parties seek to formally document their agreement to terminate the existing lease relationship early.
