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The Rent To Own Contract serves as a specialized legal instrument in the Austrian property market, offering a hybrid solution for parties interested in a gradual transition from renting to ownership. This document is particularly useful when potential buyers need time to arrange financing or prefer to test the property before committing to purchase. The agreement must conform to Austrian legal requirements, including the ABGB, MRG, and KSchG, ensuring proper protection for both parties. It typically includes detailed provisions about rental payments, purchase price calculations, property maintenance, insurance requirements, and the specific conditions under which the purchase option can be exercised. The document is especially relevant in situations where traditional mortgage financing might not be immediately available or when sellers seek to expand their pool of potential buyers.

1. Parties: Identification of the property owner/seller and the tenant/potential buyer, including full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement, including property details and parties' intention to enter into a rent-to-own arrangement

3. Definitions: Key terms used throughout the agreement, including 'Purchase Option', 'Rental Period', 'Purchase Price', and 'Option Fee'

4. Property Description: Detailed description of the property, including address, land register details, and any included fixtures or fittings

5. Rental Terms: Specifications of the rental period, monthly rent, payment terms, and allocation of rent towards purchase price

6. Purchase Option Terms: Details of the purchase option, including option price, exercise period, and conditions for exercising the option

7. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the rental period

8. Insurance and Risk: Requirements for property insurance and allocation of risk during the rental period

9. Default and Termination: Conditions constituting default, consequences, and termination procedures

10. Exercise of Purchase Option: Process and requirements for exercising the purchase option

11. Transfer of Title: Procedures and requirements for transferring property title upon exercise of purchase option

12. Costs and Taxes: Allocation of costs, including taxes, registration fees, and notary fees

13. Notices: Requirements for formal communications between parties

14. Governing Law: Specification of Austrian law as governing law and jurisdiction