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The Rental Deposit Agreement is a crucial document in Austrian tenancy arrangements, required whenever a security deposit is provided by a tenant to a landlord. It must comply with the Austrian Tenancy Act (Mietrechtsgesetz - MRG), which limits deposits to a maximum of three months' rent and requires specific handling procedures. This agreement outlines the deposit amount, payment terms, bank account arrangements, interest calculations, permitted uses, and return conditions. It's essential for protecting both landlord and tenant interests and typically accompanies the main rental agreement. The document ensures compliance with Austrian banking regulations regarding deposit accounts and consumer protection laws, particularly when dealing with private tenants. It's commonly used in both residential and commercial rentals throughout Austria.

1. Parties: Identification of the landlord and tenant, including full names, addresses, and registration numbers if applicable

2. Background: Reference to the main rental agreement, including its date and property address

3. Definitions: Key terms used in the agreement, including 'Deposit', 'Rental Agreement', 'Property', and 'Interest'

4. Deposit Amount: Specification of the deposit amount (maximum 3 months' rent under MRG) and payment terms

5. Bank Account Details: Specifications for the savings account where the deposit will be held

6. Interest Arrangements: Terms regarding the accrual and payment of interest on the deposit

7. Permitted Use of Deposit: Conditions under which the landlord may access the deposit

8. Return of Deposit: Terms and timeline for returning the deposit at the end of the tenancy

9. Notices: How and where notices related to the deposit should be served

10. Governing Law: Confirmation that the agreement is governed by Austrian law