Document background
The Terminating A Commercial Lease Letter is a crucial document used in Austrian business practice when either a landlord or tenant wishes to formally end a commercial lease agreement. It must comply with Austrian legal requirements, particularly the ABGB (Austrian Civil Code) and relevant provisions of the MRG (Austrian Tenancy Act). This document is typically used when a party wishes to end a lease at its natural termination date, or when permitted by specific contractual or statutory grounds. The letter must include precise details about the property, parties involved, termination date, and legal basis for termination. It serves as official documentation of the intention to terminate and initiates the formal process of ending the lease relationship, including arrangements for property handover and final settlements.
