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Termination Of Sublease Agreement Template for Austria

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Key Requirements PROMPT example:

Termination Of Sublease Agreement

"I need a Termination of Sublease Agreement for my office space in Vienna, with a mutual termination date of March 31, 2025, including provisions for the return of my 鈧5,000 security deposit and a detailed handover protocol."

Document background
The Termination of Sublease Agreement is a crucial legal document used when parties wish to formally end their sublease relationship under Austrian law. This document becomes necessary when either the sublandlord and subtenant mutually agree to terminate their arrangement before the original end date, or when one party exercises their right to terminate according to the original sublease terms. The agreement must comply with the Austrian Civil Code (ABGB) and Mietrechtsgesetz (MRG), particularly regarding notice periods and formal requirements. It typically includes specific provisions for premises handover, final settlements, and the return of security deposits. This document is essential for properly documenting the termination process and preventing future disputes by clearly outlining each party's rights and obligations during the termination phase.
Suggested Sections

1. Parties: Identification of all parties: Primary landlord (if relevant), Sublandlord, and Subtenant, including full legal names and addresses

2. Background: Reference to the original sublease agreement, its date, and premise details

3. Definitions: Key terms used throughout the agreement including 'Premises', 'Termination Date', 'Original Sublease Agreement', etc.

4. Termination Declaration: Clear statement of the mutual agreement to terminate the sublease, specifying the effective termination date

5. Handover of Premises: Specifications for the return of the premises, including condition requirements and inspection process

6. Settlement of Accounts: Details of final rent payment, utility bills, and other financial obligations up to the termination date

7. Security Deposit: Process and timeline for the return of the security deposit, subject to premises inspection

8. Release of Obligations: Mutual release from future obligations under the sublease agreement, subject to fulfillment of termination conditions

9. Governing Law: Confirmation that the agreement is governed by Austrian law

Optional Sections

1. Surviving Obligations: Used when certain obligations need to survive the termination, such as confidentiality or ongoing maintenance responsibilities

2. Dispute Resolution: Include when parties wish to specify a particular method for resolving any disputes arising from the termination

3. Utilities Transfer: Required when utilities are registered in the subtenant's name and need to be transferred

4. Forwarding Address: Include when parties need to specify future contact details for post-termination communications

5. Early Termination Fee: Include if the termination occurs before the original end date and involves a penalty payment

6. Renovation Requirements: Used when specific restoration or renovation work must be completed before returning the premises

Suggested Schedules

1. Schedule 1 - Premises Condition Report: Detailed assessment of the current condition of the premises and any damage to be addressed

2. Schedule 2 - Settlement Statement: Detailed breakdown of all financial settlements, including rent, utilities, and other charges

3. Schedule 3 - Handover Checklist: List of items to be checked during the final inspection and handover process

4. Appendix A - Original Sublease Agreement: Copy of the original sublease agreement being terminated

5. Appendix B - Photographic Evidence: Photos documenting the condition of the premises at termination (if required)

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

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