Document background
The Notice Of Cancellation Of Lease Agreement is a crucial document in Austrian property law, used when either a landlord or tenant wishes to formally terminate a lease arrangement. This document must strictly comply with Austrian legislation, particularly the Mietrechtsgesetz (MRG) and the Austrian Civil Code (ABGB). It is essential for both residential and commercial properties and must include specific elements to be legally valid under Austrian law. The notice requires proper identification of all parties, clear property details, explicit termination statements, and must observe statutory notice periods. The document may need to address various aspects such as security deposits, utility arrangements, and property handover procedures. Proper service of the notice is crucial for its legal effectiveness, and specific formal requirements must be met regarding delivery and documentation.
