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1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and any registration numbers for legal entities
2. Background: Context of the existing lease agreement and the parties' intention to terminate it early through a buyout arrangement
3. Definitions: Key terms used throughout the agreement, including 'Lease Agreement', 'Buyout Amount', 'Premises', and 'Termination Date'
4. Buyout Terms: Specific details of the buyout arrangement, including the agreed amount and payment terms
5. Early Termination: Agreement to terminate the existing lease and the effective date of termination
6. Handover of Premises: Requirements and process for returning the premises to the landlord
7. Release of Obligations: Mutual release of future obligations under the original lease agreement
8. Security Deposit: Treatment of any existing security deposit and terms of its return
9. Outstanding Amounts: Settlement of any pending rent, utilities, or other charges
10. Representations and Warranties: Statements by both parties regarding their authority and capacity to enter into the agreement
11. Governing Law: Specification of Austrian law as the governing law and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Condition of Premises: Detailed terms about the expected condition of the premises upon surrender, used when specific restoration requirements exist
2. Surviving Obligations: List of any obligations that survive the termination, needed when certain provisions of the original lease should remain in effect
3. Third-Party Consents: Requirements for obtaining consents from third parties, included when mortgagees or other stakeholders must approve the buyout
4. Tax Implications: Specific provisions regarding tax responsibilities, included when significant tax consequences need to be addressed
5. Confidentiality: Terms regarding confidentiality of the buyout arrangement, used in sensitive commercial situations
6. Assignment of Rights: Provisions regarding any assignment of rights or obligations, needed when third parties are involved
7. Dispute Resolution: Specific procedures for resolving disputes, included when parties want to specify mediation or arbitration processes
1. Schedule 1 - Original Lease Agreement: Copy or key details of the original lease agreement being terminated
2. Schedule 2 - Premises Details: Detailed description of the leased premises, including any plans or drawings
3. Schedule 3 - Payment Schedule: Detailed breakdown of the buyout amount and payment terms
4. Schedule 4 - Handover Checklist: List of items to be checked during the premises handover process
5. Schedule 5 - Inventory List: List of any fixtures, fittings, or equipment included in the premises
6. Appendix A - Condition Report: Current condition of the premises and any agreed repairs or modifications
7. Appendix B - Required Consents: Copies of any required third-party consents or approvals
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