Apartment buildings from A to Z.
Key terms around tenancies, data room, land register, renovation and handover explained plainly.
Apartment building
An apartment building is a building with several rented or rentable units where tenancies, maintenance and management shape the legal review.
Rent roll
A structured overview of tenancies, rent amounts, fixed terms, deposits and payment information.
Lease agreement
A lease agreement governs paid use of premises and shapes income, binding effect and risk of the building.
Purchase does not break lease
A change of ownership does not generally terminate an existing lease automatically.
Austrian Tenancy Act
The Austrian Tenancy Act governs key aspects of many leases, including rent, maintenance, termination protection and fixed terms.
Full application of tenancy law
Full application of the Austrian Tenancy Act means far-reaching tenancy rules apply.
Partial application of tenancy law
Partial application means that only certain parts of the Austrian Tenancy Act apply.
Guideline rent
Guideline rent is a statutory reference for certain apartments under full tenancy law application.
Category rent
Category rent relates to equipment categories and may be relevant in older tenancies.
Indexation
Indexation clauses adjust rent to an index.
Fixed term lease
A fixed term defines the duration of a lease.
Deposit
The deposit secures claims arising from the lease.
Service charges
Service charges are ongoing building costs charged according to law and contract.
Condominium conversion
Condominium conversion prepares the legal structure for ownership of individual units.
Utility value
Utility value describes the relation of condominium objects to each other.
Condominium agreement
The condominium agreement governs the creation and structure of condominium ownership.
Due diligence
Due diligence is structured legal review before purchase, sale or financing.
Data room
The data room gathers documents relevant for review and contract.
Closing
Closing is the settlement of the transaction after agreed conditions are met.
Effective date
The effective date allocates benefits, burdens, payments, risks and duties in time.
Seller guarantee
A seller guarantee is a contractual statement by the seller on specific facts.
Purchase price retention
A purchase price retention secures open points, documents or risks after signing.
Release of encumbrances
Release of encumbrances means removing certain registered or economic burdens.
Land transfer approval
Land transfer rules govern certain acquisitions of real estate or rights in real estate.
Energy performance certificate
The energy performance certificate describes energy-related building values.
Old building
In this context an old building often has particular tenancy and maintenance relevance.
Vacancy
Vacancy means units or areas that are not rented.
Rent arrears
Rent arrears exist where agreed rent has not been paid in full.
Property management
Property management holds ongoing documents on operation, accounts, resolutions and communication.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case.
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Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
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