The Property Lease Purchase Agreement is a specialized legal instrument used in Malta when parties wish to combine a property lease with a future purchase commitment. This arrangement is particularly useful for buyers who need time to arrange financing or prefer a gradual transition to ownership, while allowing sellers to secure a committed buyer while generating rental income. The document must comply with Maltese property law requirements, including proper registration with relevant authorities and notarial requirements. It includes comprehensive terms covering both the lease phase (rent, maintenance, insurance) and purchase phase (price, payment terms, transfer conditions), while addressing specific Maltese legal requirements for property transfers and lease agreements. This type of agreement is commonly used in both residential and commercial property transactions in Malta, offering flexibility while ensuring legal protection for all parties involved.

1. Parties: Identification of the Lessor/Seller and Lessee/Purchaser with full legal names, registration/ID numbers, and addresses

2. Background: Context of the agreement, including property description and parties' intention to enter into a lease-purchase arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Lease Period, Purchase Price, Option Period, etc.

4. Property Description: Detailed description of the property including address, boundaries, and registration details as per Land Registry

5. Lease Terms: Terms of the lease including duration, rent amount, payment schedule, and maintenance responsibilities

6. Purchase Option: Terms of the purchase option including option price, exercise period, and mechanism for exercising the option

7. Purchase Price and Payment: Total purchase price, credit for rent paid, payment structure, and deposit requirements

8. Conditions Precedent: Conditions that must be met before the purchase can be completed

9. Property Maintenance and Insurance: Responsibilities for maintenance, repairs, and insurance during the lease period

10. Default and Remedies: Consequences of default under either lease or purchase provisions

11. Assignment and Subletting: Restrictions on assignment of rights or subletting the property

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

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

14. Execution: Signature blocks and execution requirements