The Flat Purchase Agreement is a crucial legal document used in Malta for residential property transactions involving apartments or flats. This agreement, known locally as a konvenju or preliminary agreement, is required by Maltese law to formalize the intention to transfer property ownership and protect both parties' interests during the transaction period. It is used when a buyer has agreed to purchase a flat and needs to document the terms before proceeding to the final deed. The agreement must comply with Chapter 16 of the Laws of Malta (Civil Code) and includes essential elements such as property description, price, payment terms, conditions precedent, and completion timeframes. It serves as the foundation for the final deed of sale and is particularly important in Malta's active property market, where specific regulations govern property transfers, including special provisions for non-resident purchasers and condominium management.

1. Parties: Identification of the Vendor and Purchaser with full legal names, ID numbers, and addresses

2. Background: Context of the sale, including brief property description and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the flat, including boundaries, measurements, and common parts

5. Purchase Price: Agreed purchase price and payment terms, including deposit and balance payment schedule

6. Conditions Precedent: Conditions that must be satisfied before completion, including searches and permits

7. Completion: Details of the final deed, timing, and requirements for completion

8. Vendor's Warranties: Warranties regarding title, encumbrances, planning permits, and property condition

9. Purchaser's Warranties: Warranties regarding funding and ability to complete the purchase

10. Expenses and Taxes: Allocation of costs, including notary fees, stamp duty, and other transaction costs

11. Risk and Insurance: Transfer of risk and insurance obligations

12. Notices: Process for serving notices between parties

13. Governing Law and Jurisdiction: Confirmation of Maltese law application and jurisdiction