Document background
The Notice For Increase Of Rent is a critical document in Austrian property management, used when landlords or property managers need to implement a rent increase in accordance with Austrian tenancy law. This document is typically used when rent increases are permitted either by the terms of the lease agreement or by statutory provisions, such as index-based adjustments linked to the Consumer Price Index (VPI). The notice must comply with the Austrian Tenancy Act (Mietrechtsgesetz) requirements, including proper notice periods (typically three months) and clear justification for the increase. It should be used when the landlord has a legal basis for the increase, such as inflation adjustment clauses, increased operating costs, or other legally permitted grounds. The document serves both as a formal notification and as a legal record of the rent adjustment process.
