Document background
The Termination of Property Management Agreement is essential when parties wish to formally end their property management relationship in Austria. This document is typically used when either the property owner or management company decides to end their business relationship, whether due to expiration of the original agreement, mutual consent, or other circumstances. It must comply with Austrian legal requirements, particularly the ABGB and Hausbesorgergesetz, and addresses crucial aspects such as final accounting, document handover, and transition procedures. The agreement is designed to protect both parties' interests while ensuring a smooth transition of management responsibilities. It's particularly important in scenarios involving multiple properties, significant financial responsibilities, or complex management arrangements, and can be adapted for both residential and commercial property contexts.
