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Cancellation Of Tenancy Agreement

Cancellation Of Tenancy Agreement Template for Austria

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Key Requirements PROMPT example:

Cancellation Of Tenancy Agreement

"I need a Cancellation of Tenancy Agreement for my commercial property in Vienna, where the tenant has requested early termination effective March 1, 2025, and we need to include specific provisions about renovating the premises before handover."

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Document background
The Cancellation of Tenancy Agreement is a crucial document used in the Austrian real estate market when parties mutually agree to terminate their rental relationship. It is designed to comply with Austrian tenancy laws, particularly the Mietrechtsgesetz (MRG) and relevant provisions of the ABGB (Austrian Civil Code). This document is essential when either party wishes to formally end a tenancy agreement before its natural conclusion or to document the agreed termination at the end of the lease term. It includes critical information such as the termination date, property handover procedures, settlement of utilities and other charges, and the process for returning the security deposit. The agreement helps prevent future disputes by clearly documenting the terms of the termination and ensuring all parties understand their rights and obligations during the termination process.
Suggested Sections

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

2. Background: Reference to the original tenancy agreement including its date and property address

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Property', and 'Security Deposit'

4. Termination Agreement: Mutual agreement to terminate the tenancy and the specific termination date

5. Handover Arrangements: Details of property inspection and key return procedures

6. Security Deposit: Terms for the return of the security deposit and conditions for deductions

7. Final Payments: Settlement of final rent, utility bills, and other outstanding payments

8. Property Condition: Requirements for the condition in which the property must be returned

9. Release of Obligations: Mutual release from ongoing obligations under the original tenancy agreement

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

Optional Sections

1. Early Termination Fee: Include when the cancellation occurs before the original end date and involves a penalty

2. Renovation Requirements: Include when specific renovation or repair works are required before moving out

3. Forwarding Address: Include when the tenant needs to provide a future contact address

4. Outstanding Repairs: Include when there are specific repairs that need to be addressed before termination

5. Post-Termination Access: Include when arrangements are needed for access after the termination date

6. Dispute Resolution: Include when specific dispute resolution procedures are agreed upon

Suggested Schedules

1. Schedule 1 - Property Inspection Report: Detailed report of the property's condition at termination

2. Schedule 2 - Utility Meter Readings: Final readings of all utility meters

3. Schedule 3 - Inventory Checklist: List of fixtures and fittings and their condition

4. Appendix A - Photographic Evidence: Photos documenting the property's condition at termination

5. Appendix B - Outstanding Payments Schedule: Detailed list of any outstanding payments or credits

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
Relevant legal definitions




















Clauses




















Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Legal Services

Housing

Facility Management

Property Development

Retail (for commercial tenancies)

Hospitality

Relevant Teams

Legal

Real Estate Operations

Property Management

Tenant Relations

Administrative Support

Asset Management

Facilities Management

Leasing

Contract Management

Property Services

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Tenancy Administrator

Facility Manager

Property Administrator

Leasing Manager

Asset Manager

Real Estate Agent

Housing Officer

Property Lawyer

Tenant Relations Manager

Building Manager

Operations Manager

Industries





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, 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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