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Cancellation Of Lease Agreement

Cancellation Of Lease Agreement Template for Austria

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Key Requirements PROMPT example:

Cancellation Of Lease Agreement

"I need a Cancellation of Lease Agreement for my residential apartment in Vienna, where both my landlord and I have agreed to terminate the lease early on March 1, 2025, with a clause about returning my security deposit within 14 days of move-out."

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Document background
The Cancellation of Lease Agreement is a crucial legal document used in Austria when parties mutually agree to terminate their existing lease arrangement before its original end date. This document is essential for properly documenting the termination process and ensuring compliance with Austrian tenancy laws, including the ABGB (Austrian Civil Code) and MRG (Austrian Tenancy Act). It's typically used when both landlord and tenant agree to end their lease relationship early, or when exercising termination rights under the original lease agreement. The document includes critical details such as the termination date, property handover procedures, final settlement terms, and mutual releases, ensuring a clear and legally sound conclusion to the tenancy relationship. It's particularly important in both residential and commercial contexts, where proper documentation of the lease termination is necessary for legal and financial purposes.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Brief reference to the original lease agreement including its date and the property address

3. Definitions: Key terms used in the agreement including 'Lease Agreement', 'Premises', 'Termination Date'

4. Termination Agreement: Mutual agreement to terminate the lease and the effective termination date

5. Property Handover: Arrangements for returning keys and conducting the final property inspection

6. Settlement of Accounts: Details regarding the final rent payment, utility bills, and security deposit return

7. Release of Obligations: Mutual release from future obligations under the original lease agreement

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

9. Signatures: Space for dated signatures of all parties

Optional Sections

1. Outstanding Repairs: Used when there are specific agreements about repairs or restoration of the property

2. Forwarding Address: Include when the tenant needs to provide a new address for future correspondence

3. Early Termination Fee: Required if there are penalty payments for ending the lease before its original term

4. Utilities Transfer: Include when there are specific arrangements for transferring or terminating utility contracts

5. Personal Property: Used when addressing the removal of tenant's remaining belongings

6. Third Party Rights: Include when there are guarantors or other third parties involved in the original lease

Suggested Schedules

1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

2. Schedule 2 - Property Condition Report: Checklist for documenting the condition of the property at handover

3. Schedule 3 - Handover Protocol: List of items to be returned (keys, access cards, etc.) and inspection criteria

4. Schedule 4 - Utility Readings: Final meter readings for electricity, gas, water, and other utilities

5. Schedule 5 - Settlement Statement: Detailed calculation of final payments including deposit return and any deductions

Authors

Alex Denne

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

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

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Industrial

Healthcare

Education

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Administrative

Asset Management

Tenant Relations

Contract Management

Housing Operations

Relevant Roles

Property Manager

Real Estate Manager

Leasing Manager

Legal Counsel

Property Administrator

Facility Manager

Asset Manager

Building Superintendent

Real Estate Agent

Tenant Relations Manager

Contract Administrator

Housing Manager

Corporate Real Estate Manager

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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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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