License Agreement For Use Of Real Property for Malta

License Agreement For Use Of Real Property Template for Malta

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License Agreement For Use Of Real Property

"I need a License Agreement for Use of Real Property for a retail pop-up store in a shopping center in Malta, where my company will be using a 100sqm space for 6 months starting March 1, 2025, with an option to extend for another 6 months."

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What is a License Agreement For Use Of Real Property?

The License Agreement For Use of Real Property is a crucial document in Malta's property market, offering a flexible alternative to traditional lease arrangements. It is commonly used when one party needs to grant another party the right to use a property for specific purposes without transferring full possessory rights. This type of agreement is particularly relevant in commercial contexts, such as pop-up stores, shared workspaces, or temporary facilities, and must comply with Malta's Civil Code and property regulations. The document typically covers essential elements including permitted use, duration, fee structure, maintenance obligations, and termination provisions, while maintaining the licensor's primary control over the property. It's especially useful in situations requiring more flexibility than traditional leases or where the arrangement is intended to be temporary or for a specific purpose.

What sections should be included in a License Agreement For Use Of Real Property?

1. Parties: Identification of the Licensor and Licensee with full legal names and addresses

2. Background: Context of the agreement and brief description of the property and intended use

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

4. Grant of License: Specific terms of the license grant, including scope of permitted use

5. Duration: Term of the license, including start date and any renewal provisions

6. License Fee: Amount, payment terms, and schedule of the license fee

7. Permitted Use: Detailed description of how the property may be used by the Licensee

8. Licensee's Obligations: Key responsibilities and obligations of the Licensee

9. Licensor's Obligations: Key responsibilities and obligations of the Licensor

10. Insurance and Liability: Insurance requirements and allocation of liability

11. Maintenance and Repairs: Responsibilities for property maintenance and repairs

12. Termination: Circumstances and process for termination of the license

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

14. Notices: Process and addresses for formal communications between parties

What sections are optional to include in a License Agreement For Use Of Real Property?

1. Utilities and Services: Include when utilities are not included in the license fee or require special arrangements

2. Alterations: Include when the Licensee may need to make changes to the property

3. Security Deposit: Include when a security deposit is required

4. Sublicensing and Assignment: Include when addressing whether the Licensee can transfer rights to others

5. Environmental Matters: Include for properties with specific environmental considerations or requirements

6. Planning and Zoning: Include when specific planning or zoning requirements affect the property use

7. Force Majeure: Include when specific provisions for extraordinary events are needed

8. Break Clause: Include when early termination options are to be provided

What schedules should be included in a License Agreement For Use Of Real Property?

1. Schedule 1 - Property Description: Detailed description of the licensed property including plans and photographs

2. Schedule 2 - Plan: Floor plans or site plans of the licensed property

3. Schedule 3 - Inventory: List of any furniture, fixtures, or equipment included in the license

4. Schedule 4 - Condition Report: Initial condition of the property at the start of the license

5. Schedule 5 - House Rules: Any specific rules or regulations for use of the property

6. Schedule 6 - Service Level Agreement: Details of any services provided by the Licensor

7. Schedule 7 - Required Permits: List of permits and licenses required for the permitted use

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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