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.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
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
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.
Download
Option To Buy Agreement
A Maltese law-governed agreement granting the right to purchase an asset at predetermined terms within a specified period.
Download
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.
Download
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.
Download
Option To Buy Contract
A Maltese law agreement granting the exclusive right to purchase specified property within a defined timeframe and predetermined price.
Download
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.
Download
Option To Purchase Agreement
A Maltese law agreement granting the exclusive right to purchase specified property within a defined period under preset conditions.
Download
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
.png)
.png)