Real Estate Sales Contract for Malta
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Real Estate Sales Contract
"I need a Real Estate Sales Contract under Maltese law for the sale of my residential apartment in Sliema to a non-EU buyer, with completion planned for March 2025 and including furniture as listed in the inventory."
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1. Parties: Identification of the Vendor and Purchaser with full legal names, identification 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, Deposit, and other relevant terms
4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration details as per Land Registry requirements
5. Purchase Price: Total consideration and payment structure, including deposit amounts and payment schedules
6. Payment Terms: Detailed breakdown of payment method, installments, and timing of payments
7. Completion: Conditions and procedures for completion of sale, including timing and location of final deed signing
8. Vendor's Warranties: Legal warranties regarding property ownership, encumbrances, and condition as required by Maltese law
9. Property Condition: Current state of the property and any known defects or issues
10. Taxes and Expenses: Allocation of stamp duty, notarial fees, and other transaction costs
11. Possession: Terms for delivering possession and keys to the property
12. Risk and Insurance: Transfer of risk and insurance obligations
13. Governing Law: Confirmation of Maltese law as governing law and jurisdiction
14. Notices: Process for formal communications between parties
1. AML Compliance: Required when either party is a high-risk person or transaction exceeds certain thresholds under Maltese AML regulations
2. Foreign Investment: Required when purchaser is non-Maltese, addressing special permits and requirements
3. Development Conditions: Used when property is under construction or requires development
4. Mortgage Arrangements: Required when purchase involves bank financing
5. Special Designations: Required for properties in Special Designated Areas or with special planning restrictions
6. Rental Agreements: Required when property is subject to existing tenancies
7. Energy Performance: Required for properties needing energy performance certification under EU regulations
1. Property Plans: Architectural plans, site plans, and measurements of the property
2. Title Documents: Copies of relevant title and ownership documents
3. Inventory: List of included fixtures, fittings, and furniture if applicable
4. Planning Permits: Copies of relevant MEPA permits and compliance certificates
5. Energy Performance Certificate: Current EPC as required by EU regulations
6. Payment Schedule: Detailed breakdown of payment installments and timing
7. Land Registry Extract: Official property registration details and plan
8. Condition Report: Detailed report on property condition and any defects
Authors
AML Regulations
Architect
Bank
Business Day
Completion
Completion Date
Deposit
Effective Date
Encumbrances
Energy Performance Certificate
Final Deed
Ground Rent
Immovable Property
Insurance
Land Registry
MEPA Permits
Mortgage
Notary
Notice
Parties
Payment Schedule
Permitted Use
Planning Authority
Possession Date
Preliminary Agreement
Property
Purchase Price
Purchaser
Registration
Related Documents
Requisite Approvals
Signing Date
Special Designated Area
Stamp Duty
Title Documents
Transfer Date
Utilities
Vendor
Warranties
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title Transfer
Warranties
Property Condition
Completion
Risk and Insurance
Due Diligence
Representations
Taxes and Duties
Possession
Utilities Transfer
Planning Permissions
Registration
Anti-Money Laundering
Default
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Amendments
Governing Law
Jurisdiction
Costs
Succession
Third Party Rights
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Management
Insurance
Investment Services
Tourism & Hospitality
Residential Housing
Legal
Real Estate
Compliance
Property Management
Investment
Business Development
Finance
Tax Advisory
Risk Management
Operations
Legal Counsel
Real Estate Lawyer
Property Manager
Real Estate Agent
Compliance Officer
Notary Public
Property Developer
Investment Manager
Real Estate Investment Advisor
Contract Manager
Property Valuer
Architect
Bank Manager
Mortgage Advisor
Tax Consultant
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