Agreement To Sell for Malta
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Agreement To Sell
"I need an Agreement to Sell for a residential property in Sliema, Malta, with a completion date of March 15, 2025, which includes a bank financing clause and needs to account for an existing tenant who will vacate by completion."
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1. Parties: Identification and details of the Promise Purchaser and Promise Seller, including ID numbers, addresses, and marital status
2. Background: Context of the agreement, including brief description of the property and parties' intention to enter into a Promise of Sale agreement
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Deposit', 'Final Deed', and 'Completion Date'
4. Property Description: Detailed description of the property being sold, including boundaries, measurements, and any rights or burdens
5. Purchase Price: Agreed purchase price, payment terms, deposit amount, and method of payment
6. Duration of Promise: Validity period of the preliminary agreement and the date by when the final deed must be executed
7. Conditions for Final Deed: Prerequisites and conditions that must be fulfilled before executing the final deed of sale
8. Deposit Terms: Amount, payment schedule, and conditions for deposit retention or return
9. Seller's Warranties: Representations regarding property ownership, absence of impediments to sale, and condition of the property
10. Notarial Searches: Requirements for legal searches and their timing
11. Expenses and Taxes: Allocation of notarial fees, stamp duty, and other transaction costs
12. Default Provisions: Consequences and remedies in case either party defaults on their obligations
1. Bank Finance Clause: Used when the purchase is contingent on the buyer obtaining bank financing, including terms and deadlines
2. Planning Permits: Required when the property requires specific permits or has pending applications
3. Vacant Possession: Included when the property is currently occupied and terms for vacancy need to be specified
4. Condition Report: Used when a specific property condition needs to be documented or when works are to be completed
5. Ground Rent Redemption: Included when the property is subject to ground rent that will be redeemed
6. Third Party Rights: Required when there are existing tenants or other third-party rights affecting the property
7. Works Completion: Used for properties under construction or requiring specific works before completion
1. Property Plans: Architectural plans, site plans, and measurements of the property
2. Inventory: List of movable items included or excluded from the sale
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Planning Permits: Copies of relevant MEPA permits and applications
5. Property Photographs: Current photographs documenting the property's condition
6. Land Registry Documents: Official property registration documents and plans
7. Energy Performance Certificate: Required EPC documentation for the property
Authors
Property
Promise Seller
Promise Purchaser
Completion Date
Deposit
Final Deed
Purchase Price
Notary Public
Permitted Use
Business Day
Completion
Due Diligence Period
Encumbrances
Ground Rent
Land Registry
MEPA
Parties
Planning Permits
Public Registry
Registration Period
Searches
Stamp Duty
Title Documents
Vacant Possession
Valid Title
Works
Material Adverse Change
Effective Date
Extension Period
Force Majeure Event
Improvements
Preliminary Agreement
Promise of Sale Period
Konvenju
Common Parts
Requisite Consents
Settlement Date
Property Description
Purchase Price
Payment Terms
Deposit
Duration
Conditions Precedent
Bank Finance
Due Diligence
Property Searches
Title Verification
Warranties and Representations
Planning Permits
Taxes and Duties
Expenses
Default
Extension
Force Majeure
Vacant Possession
Ground Rent
Third Party Rights
Completion Requirements
Registration
Notices
Governing Law
Jurisdiction
Entire Agreement
Amendments
Assignment
Severability
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Hospitality
Retail
Commercial Property
Residential Property
Professional Services
Legal
Real Estate
Sales
Compliance
Property Management
Business Development
Finance
Risk Management
Operations
Administration
Real Estate Agent
Property Lawyer
Notary Public
Property Developer
Legal Counsel
Conveyancing Manager
Property Manager
Sales Director
Compliance Officer
Real Estate Investment Manager
Asset Manager
Property Acquisition Manager
Real Estate Transaction Coordinator
Legal Administrator
Business Development Manager
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