Document background
The Release Of Lease Agreement is a crucial document used when both landlord and tenant agree to terminate their lease arrangement before the originally planned end date. This document, compliant with Austrian legal requirements, particularly the ABGB and MRG, serves as a formal record of the mutual agreement to end the lease and provides legal certainty for all parties involved. It typically includes detailed provisions for the settlement of accounts, property handover procedures, and mutual releases from future obligations. The agreement is particularly important in commercial and residential leasing contexts, as it helps prevent future disputes by clearly documenting the terms of the lease termination and ensuring all parties understand their rights and obligations during the termination process.
