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The Lease To Own Agreement (also known as rent-to-own or hire-purchase agreement) is a specialized legal instrument used in Austrian property transactions where immediate purchase is not feasible or desired. This document is particularly suitable when a prospective buyer needs time to arrange financing or wants to occupy the property while building equity. It combines traditional lease provisions with a purchase option, typically used in both residential and commercial property transactions. The agreement must comply with Austrian legal requirements, including the ABGB, KSchG, and RatenG, and includes detailed provisions for property maintenance, payment structures, option exercise procedures, and eventual property transfer. This type of agreement offers flexibility while providing security for both parties, making it an attractive alternative to conventional purchase or lease arrangements.

1. Parties: Identification of the seller/lessor and buyer/lessee, 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 lease-to-own arrangement

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

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

5. Lease Terms: Duration of lease period, monthly payments, maintenance responsibilities, and other lease-related obligations

6. Purchase Option: Terms of the purchase option, including purchase price, credit for rental payments, and procedure for exercising the option

7. Payment Terms: Detailed breakdown of all payments including rent, option fees, purchase price, and payment schedule

8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements during the lease period

9. Insurance and Risk: Requirements for property insurance and allocation of risk during the lease period

10. Default and Termination: Consequences of default, termination rights, and procedures

11. Property Transfer: Process and requirements for final property transfer upon exercise of purchase option

12. Representations and Warranties: Statements and guarantees made by both parties regarding the property and their capacity to enter the agreement

13. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

14. Notices: Process and requirements for formal communications between parties

15. Execution: Signature blocks and execution requirements