Contract For Selling A House for Malta
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Contract For Selling A House
"I need a Contract For Selling A House for a detached villa in Sliema, Malta, including provisions for existing tenants who will remain in the property until March 2025, and the sale needs to be contingent on obtaining AIP approval as the buyer is a non-resident."
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1. Parties: Identification of the seller and buyer with full legal names, ID numbers, addresses, and marital status as required by Maltese law
2. Background: Context of the sale, including brief property history and current ownership status
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration details as per Land Registry requirements
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment schedule
6. Completion: Details of the final deed, completion date, and conditions for transfer of ownership
7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, planning permits, and other legal assurances
8. Property Condition: Current state of the property and any agreed repairs or modifications before completion
9. Taxation and Costs: Allocation of stamp duty, notarial fees, and other transaction costs
10. Pre-Completion Obligations: Responsibilities of both parties before final deed, including maintenance and insurance requirements
11. Default and Remedies: Consequences of breach by either party and available remedies
12. Notices: How formal communications between parties should be made and delivered
13. Governing Law: Confirmation that the agreement is governed by Maltese law and jurisdiction
1. Mortgage Contingency: Used when the purchase is dependent on the buyer obtaining mortgage financing
2. Third-Party Rights: Required when there are existing tenants or other third-party interests in the property
3. Planning Permits: Necessary when the property requires specific planning permissions or has pending applications
4. AIP Requirement: Required when the buyer is a non-resident needing Acquisition of Immovable Property permit
5. Furniture and Fittings: Used when the sale includes specific movable property within the house
6. Energy Performance: Required when specific energy performance certificates or commitments are part of the sale
7. Development Restrictions: Needed when the property is subject to specific development or usage restrictions
8. Ground Rent: Required when the property is subject to ground rent
1. Schedule 1 - Property Details: Comprehensive property description, including plans, boundaries, and measurements
2. Schedule 2 - Fixtures and Fittings: Detailed inventory of items included in or excluded from the sale
3. Schedule 3 - Payment Schedule: Breakdown of payment terms, installments, and timing
4. Schedule 4 - Required Documentation: List of documents required for completion
5. Appendix A - Property Plans: Official architectural plans and site plans
6. Appendix B - Land Registry Documents: Copies of relevant Land Registry extracts and searches
7. Appendix C - Planning Permits: Copies of relevant MEPA permits and applications
8. Appendix D - Energy Performance Certificate: Current EPC and related energy documentation
Authors
Property
Purchase Price
Deposit
Completion Date
Final Deed
Promise of Sale Agreement
Seller
Buyer
Notary Public
Land Registry
MEPA Permits
Completion
Bank Finance
Ground Rent
Common Parts
Fixtures and Fittings
Energy Performance Certificate
AIP Permit
Premises
Business Day
Effective Date
Title Deed
Encumbrances
Force Majeure
Planning Permits
Material Adverse Change
Possession Date
Registration
Stamp Duty
Survey Report
Transfer Date
Utilities
Vacant Possession
Warranties
Purchase Price
Payment Terms
Completion
Due Diligence
Warranties and Representations
Title and Ownership
Property Condition
Planning and Permits
Insurance
Default and Remedies
Force Majeure
Notices
Assignment
Costs and Taxes
Governing Law
Jurisdiction
Entire Agreement
Severability
Amendment
Third Party Rights
Vacant Possession
Property Registration
Energy Performance
Environmental Compliance
Access Rights
Utilities Transfer
Indemnification
Inspection Rights
Dispute Resolution
Real Estate
Legal Services
Banking & Finance
Property Development
Construction
Insurance
Property Management
Notarial Services
Legal
Real Estate
Compliance
Property Management
Sales
Documentation
Risk Management
Client Relations
Corporate Services
Real Estate Agent
Property Lawyer
Notary Public
Legal Counsel
Property Manager
Mortgage Advisor
Real Estate Development Manager
Compliance Officer
Property Valuation Expert
Transaction Manager
Real Estate Portfolio Manager
Legal Documentation Specialist
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