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Rental Waiver

Rental Waiver Template for Austria

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Key Requirements PROMPT example:

Rental Waiver

"I need a Rental Waiver for a commercial property in Vienna, where the tenant (ABC GmbH) is waiving their right to terminate the lease early until March 1, 2025, in exchange for a 15% rent reduction."

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Document background
The Rental Waiver is a crucial document in Austrian property law, used when parties to a rental agreement wish to formally relinquish certain rights or claims. It's particularly relevant in situations where terms of the original rental agreement need to be modified, certain obligations need to be released, or disputes need to be resolved. The document must comply with Austrian tenancy law, specifically the Mietrechtsgesetz (MRG) and related legislation, which provide strong tenant protections and regulate which rights can and cannot be waived. This waiver is commonly used in both residential and commercial contexts, requiring careful consideration of mandatory legal provisions and consumer protection requirements. The document should clearly specify the rights being waived, any consideration provided, and include all necessary legal notices and warnings required under Austrian law.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any registration numbers for legal entities

2. Background: Context of the original rental agreement, including date of execution, property details, and circumstances leading to the waiver

3. Definitions: Key terms used in the waiver document, including references to the original rental agreement

4. Waiver Declaration: Clear and specific statement of the rights being waived, with reference to relevant sections of the original lease

5. Consideration: Details of any consideration or compensation provided in exchange for the waiver

6. Remaining Rights: Explicit statement of which rights and obligations remain in force

7. Legal Compliance: Statements ensuring compliance with Austrian tenancy law and consumer protection requirements

8. Effective Date: Specification of when the waiver takes effect

9. Governing Law: Confirmation that Austrian law governs the waiver

10. Signatures: Execution block for all parties

Optional Sections

1. Time Limitation: Include when the waiver is temporary rather than permanent

2. Conditional Clauses: Include when the waiver is subject to specific conditions being met

3. Third Party Rights: Include when the waiver affects rights of third parties (e.g., guarantors, sub-tenants)

4. Severability: Include when there's a need to ensure partial invalidity doesn't affect the entire waiver

5. Language Declaration: Include when the waiver is bilingual or when parties are non-German speaking

Suggested Schedules

1. Original Rental Agreement: Copy or relevant excerpts of the original rental agreement being modified

2. Property Details: Detailed description of the rental property, including address and land registry details

3. Proof of Authority: If applicable, documentation proving authority to execute the waiver (e.g., power of attorney, company registration)

4. Waiver Conditions: If applicable, detailed description of any conditions attached to the waiver

5. Legal Notices: Mandatory legal notices and warnings required under Austrian law

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

alex.den.21@genieai.co
Relevant legal definitions

























Clauses

























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Industrial

Office Space

Student Housing

Social Housing

Relevant Teams

Legal

Property Management

Real Estate Operations

Tenant Relations

Compliance

Asset Management

Facilities Management

Contract Administration

Risk Management

Corporate Real Estate

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Tenant Relations Manager

Housing Officer

Facility Manager

Property Administrator

Compliance Officer

Real Estate Portfolio Manager

Leasing Manager

Property Director

Housing Association Manager

Asset Manager

Real Estate Operations 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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