Lease Renewal Agreement for Malta

Lease Renewal Agreement Template for Malta

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Lease Renewal Agreement

"I need a Lease Renewal Agreement for my commercial retail space in Valletta, Malta, extending the current lease for 5 years from March 1, 2025, with a 10% rent increase and new provisions for maintenance cost sharing."

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What is a Lease Renewal Agreement?

The Lease Renewal Agreement is essential for extending existing lease arrangements in Malta while ensuring compliance with current legislation. It's particularly relevant when an original lease term is approaching expiration and parties wish to continue their landlord-tenant relationship with updated terms. The document must adhere to Malta's Civil Code and, for residential properties, the Private Residential Leases Act of 2020, which introduced mandatory registration requirements. This agreement type is crucial for documenting revised terms such as rental amounts, duration, and any modifications to the original conditions. The Lease Renewal Agreement needs to consider specific Maltese legal requirements, including rent control provisions for pre-1995 leases and current market regulations for newer agreements. It serves both residential and commercial property arrangements, requiring different considerations based on property type and use.

What sections should be included in a Lease Renewal Agreement?

1. Parties: Identification of the Lessor and Lessee with full legal names, registration numbers (if companies), and addresses

2. Background: Reference to the original lease agreement, its date, and key terms, establishing the context for the renewal

3. Definitions: Key terms used in the agreement, including references to the Original Lease Agreement and Renewal Term

4. Term of Renewal: Specific duration of the renewal period and effective date

5. Rent and Payment Terms: Updated rental amount, payment schedule, and any adjustments from the original terms

6. Confirmation of Original Terms: Statement confirming which terms from the original lease remain in effect

7. Registration Requirements: Compliance with Malta Private Residential Leases Act registration requirements if applicable

8. Execution: Signature blocks and execution requirements for all parties

What sections are optional to include in a Lease Renewal Agreement?

1. Modifications to Original Terms: Used when specific terms from the original lease are being modified beyond rent and duration

2. Maintenance and Repairs: Include when updating responsibilities for maintenance and repairs

3. Utilities and Services: Include when changing arrangements for utility payments or services

4. Security Deposit Adjustment: Used when modifying the security deposit amount or terms

5. Break Clause: Include when adding or modifying early termination provisions

6. Energy Performance: Required for properties needing updated energy performance certificates

7. Covid-19 Provisions: Include when adding specific provisions related to pandemic circumstances

What schedules should be included in a Lease Renewal Agreement?

1. Schedule 1 - Property Description: Detailed description of the leased property including any modifications since original lease

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including any incremental increases during the renewal term

3. Schedule 3 - Inventory: Updated inventory of furnishings and fixtures if applicable

4. Schedule 4 - Special Conditions: Any special or unique conditions applying to the renewal term

5. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference

6. Appendix B - Property Photographs: Current dated photographs documenting property condition at renewal

7. Appendix C - Energy Performance Certificate: Current energy performance certificate if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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