Document background
The Lease Agreement Cancellation Letter is a crucial document used in Austrian real estate practice to formally terminate a lease agreement. It must comply with specific requirements under Austrian law, particularly the Mietrechtsgesetz (MRG) and the General Civil Code (ABGB). This document is used when either a landlord or tenant wishes to end a lease agreement, whether for residential or commercial properties. The letter must include specific components such as clear identification of the parties, property details, termination date, and must observe statutory notice periods. It serves as official documentation of the intention to terminate the lease and often initiates the process of property handover and final settlement of accounts. The format and content must align with Austrian legal requirements to ensure the termination is legally valid and enforceable.
