Apartment Types
Condominiums |
Privately-owned rental apartments |
Co-operative apartments |
Community-owned apartments
Condominiums
Purchase of an apartment has to be registered in the real estate register. We recommend you resort to the services of a notary public or lawyer. When buying a house or apartment you should calculate additional costs of approximately ten percent of the purchase price for lawyers, taxes, real estate agent and financing.
Rental apartments
Tenancy law distinguishes between two types of tenancy agreements: chief tenancy and subtenancy
Chief tenancy
You are renting as chief tenancy if the tenancy agreement has been signed between you (the apartment seeker) and
- the owner of the building,
- the owner of the apartment,
- the tenant or leaseholder of the whole building,
- the person about to acquire the apartment and not yet registered in the real estate register.
Subtenancy
You are renting as subtenancy if the tenancy agreement has been signed between you (the apartment seeker) and the chief tenant.
The law governing tenancy rights (MRG) contains very few provisions expressly related to subtenancy, such as dissolving tenancy agreements and admissible rent for subtenancy.
Limited and unlimited tenancy agreements
Tenancy law distinguishes between limited and unlimited tenancy agreements. Limited tenancy agreements are valid for a minimum of three years. There is not statutory maximum duration. Limited tenancy agreements may be extended in writing any number of times for any given duration.
In the event of a limited chief or subtenancy, one year into the originally agreed or extended duration of the tenancy agreement, the tenant may judicially give notice on the last of any month. Three months notice must be given. Thus actual termination is possible by the end of the 16th month at the earliest.
wien.at-English Edition
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