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Guarantor Tenancy Agreement Template for Austria

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Key Requirements PROMPT example:

Guarantor Tenancy Agreement

"I need a Guarantor Tenancy Agreement for a luxury apartment in Vienna's first district, with a corporate tenant and bank guarantee arrangement, ensuring compliance with Austrian commercial property regulations and including specific provisions for high-value furnishings."

Document background
The Guarantor Tenancy Agreement is essential in situations where additional security is required beyond a standard rental deposit in Austria. This document is commonly used for student accommodations, first-time renters, or situations where the tenant's financial credentials alone may not satisfy the landlord's requirements. The agreement combines elements of both tenancy and guarantee law, ensuring compliance with the Austrian Tenancy Act (Mietrechtsgesetz) and the Austrian Civil Code (ABGB). It provides comprehensive protection for landlords while clearly defining the extent of the guarantor's liability and the conditions under which it can be enforced. The document is particularly relevant in urban areas like Vienna, Graz, and Salzburg, where rental markets are competitive and guarantors are frequently required as additional security.
Suggested Sections

1. Parties: Identification of all parties: Landlord, Tenant, and Guarantor, including full legal names, addresses, and any registration numbers for corporate entities

2. Background: Context of the agreement, explaining the rental arrangement and the need for a guarantor

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

4. Property Details: Detailed description of the rental property, including address and any included fixtures/fittings

5. Tenancy Terms: Core terms of the tenancy including duration, rent amount, payment terms, and deposit requirements

6. Guarantor Obligations: Detailed description of the guarantor's obligations, extent of liability, and duration of the guarantee

7. Scope of Guarantee: Specific details of what the guarantee covers (rent, damages, other costs)

8. Duration of Guarantee: Term of the guarantee, including any conditions for termination

9. Landlord's Obligations: Responsibilities and obligations of the landlord

10. Tenant's Obligations: Responsibilities and obligations of the tenant

11. Default and Remedies: Procedures in case of default by tenant and enforcement against guarantor

12. Notices: Requirements for formal communications between parties

13. Governing Law: Confirmation of Austrian law governance and jurisdiction

14. Signatures: Execution blocks for all parties with Austrian legal requirements for valid execution

Optional Sections

1. Bank Guarantee Provisions: Required if the guarantee is provided by a bank rather than an individual

2. Multiple Guarantors: Additional provisions needed when there is more than one guarantor, defining joint and several liability

3. Corporate Guarantor Provisions: Special provisions required when the guarantor is a company rather than an individual

4. Foreign Language Declarations: Required when any party is not fluent in German, confirming understanding of terms

5. Property Management: Required when a property management company is involved in managing the property

6. Guarantee Limitation: Optional caps or limitations on the guarantor's liability if agreed by the parties

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed inventory of the property's contents and condition at the start of tenancy

2. Schedule 2 - Property Rules and Regulations: Building or property-specific rules and regulations

3. Schedule 3 - Guarantor Financial Information: Confidential schedule containing guarantor's financial information and proof of means

4. Schedule 4 - Utility and Service Agreements: Details of utility arrangements and service charges

5. Schedule 5 - Maintenance Schedule: Details of maintenance responsibilities and schedules

6. Appendix A - Form of Notice: Template forms for formal notices under the agreement

7. Appendix B - Payment Schedule: Detailed breakdown of all payments including rent, deposits, and other charges

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

Relevant legal definitions








































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Relevant Industries

Real Estate

Property Management

Legal Services

Banking & Financial Services

Housing & Accommodation

Student Housing

Commercial Property

Residential Property

Property Development

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Residential Lettings

Risk Management

Operations

Contract Administration

Tenant Relations

Housing Services

Document Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Tenancy Relations Manager

Housing Officer

Lease Administrator

Property Portfolio Manager

Residential Lettings Manager

Contract Manager

Risk Assessment Officer

Student Housing Coordinator

Property Operations Director

Tenant Services Coordinator

Legal Risk 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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