Document background
The Termination of Lease Letter is a crucial document used in Austrian property law to formally end a lease agreement. It must be drafted in accordance with the Austrian Tenancy Act (Mietrechtsgesetz) and Civil Code (ABGB), which set strict requirements for form and content. This document is essential when either a landlord or tenant wishes to end a lease agreement, whether for residential or commercial properties. The letter must include specific elements such as clear identification of the parties and property, explicit termination declaration, and the intended end date. For landlords, particular attention must be paid to including legally valid grounds for termination, while tenants must ensure proper notice periods are observed. The document's format and delivery method must comply with Austrian legal requirements to be considered valid.
