Document background
The Rent Increase Agreement is a crucial document used in Austrian property law when modifying the rental amount in an existing lease agreement. It becomes necessary when landlords wish to increase rent due to various factors such as index adjustments, property improvements, or other legally permitted grounds under the Mietrechtsgesetz (MRG). This document must carefully balance landlord rights with strong tenant protections characteristic of Austrian law. The agreement needs to include specific calculations, statutory references, and proper notice periods. It's particularly important in both residential and commercial contexts, where different sections of the MRG may apply. The document serves as an official amendment to the original lease, requiring careful attention to form requirements and mandatory provisions under Austrian tenancy law.
