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Termination Of Tenancy Agreement

Termination Of Tenancy Agreement Template for Austria

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Key Requirements PROMPT example:

Termination Of Tenancy Agreement

"I need a standard Termination of Tenancy Agreement for a residential property in Vienna, Austria, with a mutual termination date of March 1, 2025, including standard provisions for security deposit return and utility transfers."

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Document background
The Termination Of Tenancy Agreement is a crucial legal document used in Austria when parties wish to formally end their landlord-tenant relationship. It's essential for ensuring compliance with Austrian tenancy laws, particularly the ABGB and MRG, which have specific requirements for termination notices, settlement procedures, and tenant protections. This document is typically used when both parties mutually agree to end the tenancy, though it can also be adapted for unilateral terminations that comply with statutory notice periods. The agreement includes critical information about the termination date, property handover, final settlements, and utility account closures, serving as a comprehensive record of the termination terms and protecting both parties' interests during the transition period.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and registration numbers if applicable

2. Background: Brief description of the existing tenancy agreement, including its date, property address, and any relevant registration details

3. Definitions: Definitions of key terms used in the agreement

4. Termination Date: Clear specification of the termination date and confirmation that both parties agree to this date

5. Handover Procedure: Details of the property inspection and key return process, including timing and participants

6. Final Payments: Settlement of any outstanding rent, utilities, and operating costs up to the termination date

7. Security Deposit: Arrangements for the return of the security deposit, including timing and any deductions

8. Utilities and Services: Process for terminating or transferring utility contracts and final meter readings

9. Governing Law: Confirmation that the agreement is governed by Austrian law

10. Signatures: Execution section including date and signatures of all parties

Optional Sections

1. Damages and Repairs: Section detailing any agreed repairs or compensation for damages beyond normal wear and tear

2. Renovation Requirements: Specific agreements about any renovation or restoration work required before moving out

3. Forwarding Address: New address details for the tenant for future correspondence

4. Early Termination Compensation: If applicable, any agreed compensation for early termination of a fixed-term contract

5. Third Party Rights: If relevant, addressing any rights of third parties such as subtenants or guarantors

6. Dispute Resolution: Optional clause for handling any disputes that may arise during the termination process

Suggested Schedules

1. Schedule 1 - Property Inventory: Current inventory list of the property and its contents

2. Schedule 2 - Condition Report: Detailed report of the property's condition at the time of termination agreement

3. Schedule 3 - Utility Accounts: List of all utility accounts and their current status

4. Schedule 4 - Outstanding Payments: Detailed list of any outstanding payments and their calculation

5. Appendix A - Photographic Evidence: Photos documenting the current condition of the property

6. Appendix B - Original Tenancy Agreement: Copy of the original tenancy agreement for reference

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Legal Services

Property Development

Facility Management

Corporate Real Estate

Retail Property

Student Housing

Relevant Teams

Legal

Property Management

Real Estate Operations

Tenant Relations

Asset Management

Facilities Management

Compliance

Administration

Leasing

Property Services

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Tenancy Relations Officer

Facilities Manager

Asset Manager

Property Administrator

Leasing Manager

Real Estate Attorney

Housing Officer

Property Operations Manager

Tenant Coordinator

Real Estate Portfolio Manager

Compliance Officer

Industries
Austrian Civil Code (ABGB): Provides the basic legal framework for rental agreements and their termination, including general contract law principles and basic rights and obligations of landlords and tenants
Austrian Tenancy Act (Mietrechtsgesetz - MRG): Contains specific regulations for residential tenancies, including mandatory provisions on notice periods, formal requirements for termination, and protected tenants
Consumer Protection Act (Konsumentenschutzgesetz - KSchG): Applies when the tenant is a consumer, providing additional protection and specific requirements for termination notices
Security Deposit Law (§ 16b MRG): Regulates the return of security deposits upon termination of the tenancy agreement, including timeframes and conditions
Registration Act (Meldegesetz): Relevant for the tenant's obligation to de-register their residence upon moving out
Fee Act (Gebührengesetz): Governs any fees or stamp duties that may be applicable to the termination agreement
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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