General Terms and Conditions (GTC) to the Rental Agreement

EXTENT OF THE RIGHT OF USE

1.1 The Apartment is used exclusively for secondary residence purposes and does not serve as the Tenant's principal residence within the meaning of § 66 JN. The Tenant confirms that the apartment is not used to satisfy his urgent residential needs, but as a secondary residence due to a temporary change of location caused by gainful employment or for purposes of recreation or leisure.

1.2 Only the interior of the apartment is rented, but not the exterior surfaces, corridors, facades or other general parts of the property or building. A cellar compartment is not included in the rent.

1.3 The tenant is prohibited from keeping (domestic) animals. If by special agreement the keeping of (domestic) animals is allowed, the Lessee shall pay double the amount of the deposit originally provided for and any additional costs.

CONDITION AND EQUIPMENT OF THE APARTMENT; STRUCTURAL ALTERATIONS

2.1 The equipment of the apartment, as provided by the Lessor, results from the enclosed equipment description.

2.2 The Lessor does not guarantee any condition, state or possibility of use of the Apartment.

2.3 The Lessee is prohibited from making any changes (adaptations) of any kind in the Apartment.

MAINTENANCE OF THE APARTMENT

3.1 The Tenant is obliged to keep and maintain the Apartment in good condition at all times at his own expense and without any right to replacement, unless it is a matter of repairing serious damage to the building or repairs to equipment provided by the Landlord. Serious damage to the Building means damage to the structure, roof and facade of the Building that causes the Leased Premises to be unusable for its intended use. The Lessee shall immediately notify the Lessor in writing of all damages.

3.2 The Lessor or companies commissioned by the Lessor may carry out improvements, repairs and structural changes required for proper maintenance and repair even without the Lessee's consent.

3.3 The Lessee is obliged to treat the apartment, including the furnishings, windows, installations and equipment contained therein, as well as the common areas with care and consideration. The Lessee shall use the apartment, including the common facilities and equipment, without disturbing the neighbors, their relatives, employees, visitors, suppliers, commissioned craftsmen or other people. The tenant is liable for ensuring that this obligation is also observed by his relatives, employees, visitors, suppliers or other people.

3.4 The Lessee shall use the Apartment in compliance with all official regulations, in particular fire regulations, and may only rent the Apartment to the extent permitted by the Lease Agreement, the law and official regulations.

3.5 The Lessee shall be liable, regardless of fault, for all damages and consequential damages, as well as disadvantages incurred by the Lessor due to the violation of the obligations arising from the rental agreement.

The tenant assures that all information provided by him are correct and accurate. Furthermore, he is liable for all damages and disadvantages incurred by the landlord due to untrue information, for example regarding the habitual residence of the tenant or the purpose of the contract.

3.6 The tenant is responsible for any damage to the rented property, accessories or facilities and is obliged to immediately repair the damage, if the damage was caused by him, his relatives, suppliers, visitors or animals. If the damage occurs in the apartment, or if it starts from there, the tenant is obliged to prove that neither he, nor his relatives, employees, suppliers, visitors have caused the damage.

3.7 The existing supply and disposal lines (electricity, gas, water, sewage, etc.) may only be used to such an extent that no overloading occurs.

3.8 In the event of malfunctions or damage, the Tenant shall ensure immediate disconnection (provided that the affected can be disconnected) and notification of the Landlord or its representative. A change in the power supply, in particular the power voltage, which is not caused by the Lessor, shall not entitle the Lessee to claim compensation from the Lessor or to claim a reduction in rent or exemption from rent.

3.9 If the Lessee fails to comply with its obligations under items 3.1. to 3.4. or if there is imminent danger, the Lessor shall be entitled to have the necessary work carried out at the Lessee's expense. In the event of imminent danger or unknown whereabouts of the Tenant, no reminder shall be required. All deliveries to the Tenant shall be made to the address last notified to the Landlord.

3.10 The tenant cannot derive any legal consequences from malfunctions of the building services such as water supply, defects in gas, light, electricity, sewerage, power, water pipes, elevators and the like. However, the landlord undertakes to do everything necessary to remedy the situation immediately.

3.11 The Lessor shall not be liable for damage caused by moisture, fire, theft or similar third party effects. Excluded from this is an intentional or grossly negligent act of an employee of the lessor. The tenant is recommended to take out household insurance that covers such damage.

3.12 The Tenant is obliged to comply with the house rules issued and adapted by the Landlord in accordance with the general requirements of the house; the house rules as amended from time to time shall be subsidiary to the Tenancy Agreement. Should costs be incurred in the event of non-compliance, these shall be borne by the Tenant.

3.13 The tenant is obliged to return the kitchen in the same condition as when he took it over. Refrigerator, dishwasher, hob, oven, etc. must be tidy and clean. Should additional costs be incurred for cleaning the kitchen, these shall be borne by the Tenant.

DEGREED

4.1 The rental fee (the rent) includes all operating and ancillary costs as well as value added tax. This shall be paid by bank transfer, by credit card or otherwise by cashless means. Cash payments are excluded. The rental fee is generally paid on a monthly basis. However, only one invoice will be issued for performance periods of less than 45 days.

4.2 The first invoice for the rental fee, which also includes the one-time Facility Package flat rate, shall be paid in advance after conclusion of the rental agreement. The full amount must be received in the Lessor's account no later than one day before the commencement of the contract.

4.3 Subsequently, the invoices for the rental fee and other possible services shall be paid on the day before the beginning of each new calendar month. The date of receipt at the Lessor's account shall also be decisive for the timeliness of payment.

4.4 In the event of default, interest on arrears shall be agreed at the rate of 5% per annum.

4.5 All separate terms of payment must be agreed in advance by mutual consent and recorded in writing. Otherwise, the terms of payment set forth in Sections 4.2 and 4.3 shall apply. This shall apply regardless of whether the rental fee is paid by the Lessee itself or by a third party (for example, the Lessee's employer).

4.6 Since the agreed rental fee also includes the ancillary costs (operating costs, hot water, energy, internet, etc.), the functionality of individual utility services, e.g. hot water, internet, etc., cannot be guaranteed if the tenant is in default of payment.

4.7 It is expressly agreed that the rent shall be stable in value, which means that the rent shall be adjusted annually in accordance with the prevailing inflation. The consumer price index 2015 published by Statistics Austria or an index replacing it shall serve as the calculation measure. The index figure announced for the month of the transfer shall apply as the reference figure. The remuneration shall increase annually to the extent that the index figure increases, the relevant date being the month of handover. For example: Index figure at move-in in October 2013 = 100; index figure due to inflation in October 2014 = 105; therefore, increase in rent by 5% from November 2014.

4.8 All bank charges as well as exchange rate fluctuations shall be borne by the Lessee.

4.9 The terms of payment under this clause 4 shall apply regardless of whether the rental fee is paid by the Lessee himself or by another person (such as his employer).

DEPOSIT; SET-OFF OF CLAIMS

5.1 The Tenant shall pay the security deposit no later than the date of handover. The deposit serves as security for all claims of the Lessor arising from the rental relationship. If the Lessee fails to meet its obligations under this Lease Agreement, the Lessor reserves the right to use the deposited security deposit to cover the costs incurred without additional approval from the Lessee.

5.2 If the lessor claims the security deposit during the term of the lease, for example due to damage caused by the lessee, the lessee shall be obliged to replenish it to the original amount within 14 days at the latest. If the security is a bank guarantee and expires before the expiry of the lease, the tenant is obliged to extend the bank guarantee no later than three months before its expiry. Otherwise, the Lessor shall be entitled to call upon the bank guarantee (conversion into a cash deposit). In case of delay, further reminder fees will be charged.

5.3 Any set-off of claims of the Lessee against claims of the Lessor and the assertion of a right of retention by the Lessee shall not be permitted. This shall not apply in the case of claims of the Lessee recognized by the Lessor or legally established.

5.4 The deposited deposit serves as security for claims arising from the present rental agreement and will be returned after proper, defect-free return of the apartment. A deposit paid by bank transfer will be refunded within a few days after the final end of the contract and after you have given us your bank details, exclusively by bank transfer. Any bank charges for foreign transfers are to be paid by the renter. Cash payments of the deposit are excluded.

5.5 All bank charges as well as exchange rate fluctuations regarding deposit refund are at the expense of the Lessee.

SUBLETTING; TRANSFER OF USE;

6.1 Subletting or any other transfer of the apartment in whole or in part, whether for a fee or free of charge, is not permitted without the express consent of the Lessor.

HANDOVER AND TAKEOVER OF THE APARTMENT

7.1 The handover takes place on the day of the start of the contract. The Tenant undertakes to thoroughly inspect the apartment after handover for any defects and for completeness of the inventory on the basis of the equipment description and to notify the Landlord of any discrepancies or damage within 48 hours after check-in by means of the list of defects provided. Defects not notified in time shall be deemed to have been caused by the Lessee.

EARLY TERMINATION OF THE CONTRACT

8.1 The rental relationship shall end upon expiry of the agreed rental period.

8.2 The Lessee is entitled to terminate the rental relationship by giving 30 days' notice.

8.3 Each party to the contract shall be entitled to terminate the contract prematurely if the other party to the contract grossly or persistently breaches the rental contract (despite reminder and setting of a grace period).

8.4 In the event of premature termination of the contract by the Lessee, the Lessee shall in any case be obliged to pay the price difference between any reduced rental fee agreed with the Lessee and the regular price without any discounts with regard to the actual duration of the stay.

TERMINATION OF THE LEASE; ENTRY INTO THE RENTED PREMISES

9.1 Upon termination of the lease agreement, the tenant must return the apartment in the condition in which he took over the apartment, taking into account the natural wear and tear - cleared of his own belongings.

9.2 In case of premature termination of the Lease Contract by the Lessee for an important reason, the Lessee is obliged to invite the Lessor in writing to the handover date one week before the termination, but no later than within 24 hours after the transmission of the notice of premature termination, and at the same time to inform the Lessor that the apartment is in the condition as agreed. The date of handover shall be no later than one week after the receipt of the notice of early termination. In case of failure to comply with this obligation, the Lessee shall bear all resulting costs.

9.3 The Lessee is advised to take out private cancellation insurance to cover the consequences of any early termination of the contract requested by the Lessee.

9.4 Upon termination of the lease, the apartment shall be returned to the Lessor without any claim for compensation for any investments and adaptations made by the Lessee, in principle in the same condition as taken over, changed only by normal wear and tear (so in particular cleared of all belongings of the Lessee), including keys.

9.5 The Lessor or a person authorized by the Lessor may enter the leased premises during business hours after consulting with the Lessee:

to inspect and determine the condition of the apartment;

to show the apartment to prospective tenants;

for the preparation and implementation of structural measures and any maintenance or repair work (e.g. repairs) which the tenant must tolerate;

for other important reasons.

In case of imminent danger, the landlord or a person authorized by him is entitled to enter the apartment at any time without notice.

9.7 The Lessee shall already indicate upon conclusion of the contract whether an extension of the rental period beyond the agreed period might be desired. In this case, an availability check will be carried out and, if necessary, an extension option will be granted. To exercise this option, the lessee undertakes to notify the lessor in writing at least 30 days before the end of the contract whether he wishes to make use of it. After this period, an extension can only be made subject to availability of the apartment.

OTHER PROVISIONS

10.1 Any notice under the Lease Agreement shall be in writing and may be given by delivery, email or transmission by facsimile (in the case of confirmatory forwarding by registered mail), postage prepaid, return receipt requested or registered mail to the address of the other party as set forth in the Lease Agreement. The Lessee shall bear all taxes, fees and charges incurred in connection with the establishment of the lease.

10.2 Amendments and supplements, after consultation with the Lessor, must be made in writing to be valid; this also applies to any waiver of this formal requirement.

10.3 In case of loss of a key EUR 150.- will be charged.

10.4 All apartments are non-smoking apartments. In case of smoking in the apartments, the tenant will be charged additional cleaning costs in the amount of at least EUR 600 (depending on the apartment size).

10.5 The Lessee acknowledges that the Lessor may carry out a quality control of the leased property at any time after prior notice. The Lessor shall be entitled to carry out this inspection up to once a week if necessary

10.6 The Lessor shall be entitled - after prior, reasonable notice to the Lessee - to have the Leased Property inspected by a prospective tenant.

10.7 The contracting parties agree on the exclusive jurisdiction of the local court for all disputes in connection with this rental agreement, also on the occasion of its termination. The law of the respective country in which the subject matter of the contract is located shall apply exclusively, to the exclusion of the reference norms of the IPRG and the UN Sales Convention.

10.8 The invalidity of individual provisions of this contract shall not affect the validity of the remaining agreements.

10.9 Rental contracts for serviced apartments in Austria do not fall under § 6 Abs 1 Z 1 lit d UStG and therefore the landlord may not issue VAT-exempt invoices for diplomats. However, tax-privileged diplomats may apply for a refund of VAT already paid directly to the Austrian Federal Ministry of Finance.

cancellation and withdrawal from the contract

11.1 Cancellation or withdrawal from the contract must be made in writing. If the cancellation is received by the Lessor 30 days before the date of arrival, a handling fee of 250,- Euro will be charged.

11.2 If the cancellation is not received by the Lessor at least 30 days before the agreed date of arrival, the following cancellation fees will apply:

If received up to 14 days before the agreed date of arrival: 40% of the total rental cost or a maximum of one month's rent.

If received up to 7 days before the agreed date of arrival: 70% of the total rental cost or a maximum of one month's rent.

If received less than 7 days before the agreed date of arrival: 90% of the total rental cost or a maximum of one month's rent.

In case of "No Show" 100% of the total rental costs (or max. one month's rent).