Rental Agreement With Option To Purchase for Malta
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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."
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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
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
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
Property
Lessor
Lessee
Commencement Date
Lease Term
Option Period
Option Notice
Purchase Price
Deposit
Monthly Rent
Rent Credit
Completion Date
Common Parts
Contents
Fixtures and Fittings
Permitted Use
Security Deposit
Option Fee
Business Day
Force Majeure Event
Material Breach
Notary Public
Option Exercise Date
Outgoings
Parties
Payment Date
Premises
Promise of Sale
Purchase Completion
Rent Payment Day
Service Charges
Structural Alterations
Term
Title Deeds
Utilities
Valuation
Working Days
Property Registration Number
Energy Performance Rating
Maintenance Obligations
Insurance Requirements
Default Event
Termination Notice
Interpretation
Grant of Lease
Term and Renewal
Rent and Payments
Security Deposit
Option to Purchase
Purchase Price
Rent Credit
Exercise of Option
Property Use
Maintenance and Repairs
Alterations
Insurance
Utilities and Services
Access Rights
Assignment and Subletting
Tenant Obligations
Landlord Obligations
Property Condition
Representations and Warranties
Default and Remedies
Early Termination
Force Majeure
Notices
Costs and Expenses
Registration
Stamp Duty
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Succession
Indemnification
Compliance with Laws
Environmental Matters
Health and Safety
Property Tax
Completion of Sale
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Industrial
Office Space
Agriculture
Mixed-Use Development
Property Management
Legal
Real Estate
Operations
Finance
Risk Management
Business Development
Property Management
Asset Management
Facilities Management
Contract Administration
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
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