Document background
The Termination Of Contract Of Lease Letter is a crucial document used in the Austrian property market when either a landlord or tenant wishes to formally end a lease agreement. It must be drafted in accordance with Austrian legislation, particularly the ABGB (Austrian Civil Code) and the Mietrechtsgesetz (Tenancy Act), which set specific requirements for notice periods, formal structure, and delivery methods. This document is essential for both residential and commercial properties and must include precise details about the property, parties involved, termination date, and arrangements for property handover. The letter serves as legal proof of the intention to terminate and must be carefully drafted to ensure enforceability under Austrian law. Different requirements may apply depending on whether the lease falls under partial or full application of the Mietrechtsgesetz, making it crucial to consider the specific type of lease when preparing the termination notice.
