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The Development Agreement For Redevelopment is a crucial document used in Austrian property development projects where existing structures or sites require significant transformation or repurposing. This agreement is particularly relevant when dealing with urban renewal projects, brownfield site redevelopments, or the modernization of existing buildings. It operates within the framework of Austrian construction law, environmental regulations, and urban planning requirements, incorporating specific provisions from the ABGB (Austrian Civil Code) and relevant building regulations (Bauordnung). The document is designed to address complex redevelopment scenarios, including heritage considerations, environmental compliance, and community impact. It provides a comprehensive framework for managing the entire redevelopment process, from initial planning through to completion, while ensuring compliance with Austrian legal requirements and industry standards.

1. Parties: Identification of the contracting parties including the developer, property owner, and any other relevant stakeholders

2. Background: Context of the redevelopment project, including current property status and development objectives

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Project Scope: Detailed description of the redevelopment work, including demolition and new construction specifications

5. Development Program: Timeline, milestones, and phasing of the redevelopment work

6. Developer's Obligations: Comprehensive list of developer's responsibilities, including permits, approvals, and compliance requirements

7. Property Owner's Obligations: Responsibilities and obligations of the property owner during the development process

8. Permits and Approvals: Requirements for obtaining necessary permits, licenses, and regulatory approvals

9. Environmental Compliance: Environmental requirements, assessments, and remediation obligations

10. Development Costs and Payment Terms: Financial terms, payment schedule, and cost allocation

11. Quality and Standards: Construction standards, quality requirements, and applicable building codes

12. Monitoring and Reporting: Progress reporting requirements and monitoring procedures

13. Risk Allocation: Distribution of risks between parties and insurance requirements

14. Warranties and Defects Liability: Warranty terms and process for addressing construction defects

15. Term and Termination: Duration of agreement and circumstances for termination

16. Force Majeure: Provisions for unforeseen circumstances and their impact on obligations

17. Dispute Resolution: Procedures for resolving disputes under Austrian law

18. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction