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Lease Extension Addendum Template for Austria

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Key Requirements PROMPT example:

Lease Extension Addendum

"I need a Lease Extension Addendum for our commercial office space in Vienna, extending the current lease for an additional 3 years from March 1, 2025, with a 5% rent increase and maintaining all other original terms."

Document background
The Lease Extension Addendum is a critical document used in Austrian real estate practice when parties wish to extend their existing lease relationship beyond the initially agreed term. It finds application in both commercial and residential contexts, subject to the provisions of the Austrian Tenancy Act (Mietrechtsgesetz) and Civil Code (ABGB). This document type is particularly relevant when parties wish to maintain their existing lease relationship without executing an entirely new lease agreement, offering a streamlined approach to lease continuation. The addendum typically specifies the extended term, any rent adjustments, and confirms the continued validity of original lease terms, while ensuring compliance with Austrian statutory requirements for lease modifications.
Suggested Sections

1. Parties: Identification of the landlord and tenant as per the original lease agreement, including their current addresses and any updated contact information

2. Background: Reference to the original lease agreement, including its date, property details, and confirmation that both parties wish to extend the lease term

3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable

4. Extension Term: Clear specification of the new lease end date and the effective date of the extension

5. Confirmation of Existing Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect

6. Binding Effect: Declaration that the addendum forms an integral part of the original lease agreement

7. Execution: Signature blocks for all parties, including date and place of signing

Optional Sections

1. Rent Adjustment: Include when the extension involves a modification of the rent amount or payment terms

2. Modified Terms: Include when other specific terms of the original lease are being modified alongside the extension

3. Break Clause: Include when parties wish to add or modify early termination rights for the extension period

4. Maintenance Obligations: Include when maintenance responsibilities are being revised for the extension period

5. Security Deposit Adjustment: Include when changes to the security deposit are being made with the extension

Suggested Schedules

1. Schedule 1 - Original Lease: Copy or extract of the original lease agreement for reference

2. Schedule 2 - Property Condition Report: Updated condition report if required for the extension period

3. Schedule 3 - Rent Calculation: Details of any rent adjustments or indexation calculations if applicable

4. Appendix A - Authorization Documents: Any required corporate or agency authorizations for signing the extension

5. Appendix B - Property Plans: Updated property plans or floor plans if there are any changes to the leased space

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

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Relevant Industries

Real Estate

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Legal

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Property Manager

Facility Manager

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