Tenants In Common Agreement Template for Austria

1. Property Management: Detailed section for cases where a professional property manager is appointed

2. Rental Arrangements: Provisions for when the property is to be rented out to third parties

3. Insurance Requirements: Specific insurance obligations beyond standard requirements

4. Right of First Refusal: Provisions giving co-owners first right to purchase if another owner wishes to sell

5. Mortgage and Financing: Provisions regarding existing or future mortgages and financing arrangements

6. Usage Schedule: For properties with shared usage rights, detailed scheduling arrangements

7. Business Use: Special provisions if the property is used for business purposes

1. Schedule A - Property Description: Detailed legal description of the property, including land register extract (Grundbuchauszug)

2. Schedule B - Ownership Shares: Detailed breakdown of ownership percentages and contribution records

3. Schedule C - Cost Allocation: Detailed breakdown of how different types of costs are to be shared

4. Schedule D - Maintenance Schedule: Regular maintenance requirements and responsibilities

5. Schedule E - House Rules: If applicable, rules for property use and maintenance

6. Appendix 1 - Property Plans: Floor plans, site plans, and other relevant property drawings

7. Appendix 2 - Initial Condition Report: Documentation of property condition at agreement commencement