Rental Agreement With Option To Purchase for Malta

Rental Agreement With Option To Purchase Template for Malta

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Rental Agreement With Option To Purchase

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Rental Agreement With Option To Purchase

"I need a Rental Agreement with Option to Purchase for a commercial property in Valletta, Malta, with a 2-year initial lease term starting March 1, 2025, and an option to purchase that can be exercised after 18 months, with 50% of paid rent to be credited towards the purchase price."

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Rental Agreement With Option To Purchase

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Rental Agreement With Option To Purchase?

The Rental Agreement With Option to Purchase is a specialized legal instrument used in Malta when property owners wish to offer tenants the possibility of purchasing the leased property during or after the rental period. This document is particularly useful in situations where potential buyers need time to arrange financing or want to experience living in the property before committing to a purchase. It combines elements of both rental and sale agreements, complying with Maltese property law requirements, including the Civil Code and Private Residential Leases Act. The agreement typically specifies rental terms, maintenance obligations, option period duration, purchase price, and any rent credits that may apply toward the purchase. It provides flexibility for both parties while establishing clear legal frameworks for both the rental period and the potential sale transaction. This type of agreement is commonly used in both residential and commercial property transactions in Malta, offering a structured path from tenancy to ownership.

What sections should be included in a Rental Agreement With Option To Purchase?

1. Parties: Identification of the Lessor/Potential Seller and Lessee/Potential Buyer with full legal names, identification numbers, and addresses

2. Background: Context of the agreement, including property description and parties' intentions regarding both rental and potential purchase

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

4. Lease Terms: Core rental provisions including duration, rent amount, payment terms, and deposit requirements

5. Property Use and Maintenance: Permitted use of property, maintenance responsibilities, and condition requirements

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

7. Exercise of Option: Procedure for exercising the purchase option, including notice requirements and completion timeframe

8. Rent Credit: Details of any rent payments to be credited towards the purchase price if option is exercised

9. Utilities and Expenses: Responsibility for utility payments, taxes, and other ongoing expenses

10. Insurance: Insurance requirements for both parties during the rental period

11. Default and Remedies: Consequences of default under either the rental or option provisions

12. Termination: Circumstances and procedures for termination of the agreement

13. Notices: Method and addresses for formal communications between parties

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

15. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties

What sections are optional to include in a Rental Agreement With Option To Purchase?

1. Property Management: Required when a property management company is involved in managing the rental

2. Subletting: Include when subletting is to be permitted under specific conditions

3. Alterations and Improvements: Needed when tenant is permitted to make specific modifications to the property

4. Option Extension: Include when there's a possibility to extend the option period

5. Mortgage Provisions: Required when the property is mortgaged or when purchase will involve mortgage financing

6. Commercial Use: Include for properties intended for business use with specific commercial terms

7. Break Clause: Optional early termination provisions if agreed by parties

8. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

9. Environmental Matters: Required for properties with specific environmental considerations or requirements

What schedules should be included in a Rental Agreement With Option To Purchase?

1. Schedule 1 - Property Description: Detailed description of the property including boundaries, plans, and included fixtures and fittings

2. Schedule 2 - Inventory: Detailed list of furnishings and equipment included in the rental

3. Schedule 3 - Condition Report: Initial condition report with photographs of the property

4. Schedule 4 - Payment Schedule: Detailed breakdown of rental payments and purchase price calculations

5. Schedule 5 - Maintenance Schedule: Specific maintenance responsibilities and schedules for both parties

6. Appendix A - Property Plans: Official plans and drawings of the property

7. Appendix B - Energy Performance Certificate: Current EPC as required by Maltese law

8. Appendix C - Required Permits: Copies of relevant permits and certificates for the property

9. Appendix D - Option Exercise Form: Template form for exercising the purchase option

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Hospitality

Industrial

Office Space

Agriculture

Mixed-Use Development

Property Management

Relevant Teams

Legal

Real Estate

Operations

Finance

Risk Management

Business Development

Property Management

Asset Management

Facilities Management

Contract Administration

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Property Developer

Facilities Manager

Commercial Director

Operations Manager

Asset Manager

Lease Administrator

Contract Manager

Real Estate Investment Manager

Property Portfolio Manager

Business Development Manager

Chief Financial Officer

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Rental Contract With Option To Buy

A Maltese law-governed agreement combining property rental terms with a future purchase option, compliant with local property and contract regulations.

find out more

Option To Buy Agreement

A Maltese law-governed agreement granting the right to purchase an asset at predetermined terms within a specified period.

find out more

Rental Agreement With Option To Purchase

A Maltese law-governed agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.

find out more

Right Of First Refusal Agreement

A Maltese law-governed agreement granting one party the preferential right to purchase specific assets before they can be offered to third parties.

find out more

Option To Buy Contract

A Maltese law agreement granting the exclusive right to purchase specified property within a defined timeframe and predetermined price.

find out more

Vehicle Lease To Own Agreement

A Maltese law-governed agreement establishing terms for a vehicle lease-to-own arrangement, including payment structure, maintenance obligations, and ownership transfer conditions.

find out more

Option To Purchase Agreement

A Maltese law agreement granting the exclusive right to purchase specified property within a defined period under preset conditions.

find out more

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 AI Docs LeftGet Instant Access