The Seller Financing Contract is utilized when a property seller in Malta agrees to provide direct financing to the buyer, effectively acting as both the property vendor and the lender. This arrangement is particularly valuable when traditional bank financing is either unavailable or less advantageous to the parties involved. The document must comply with Maltese law, including the Civil Code (Chapter 16) and various financial services regulations, while incorporating necessary protections for both parties. The contract includes detailed provisions for the property transfer, financing terms, security arrangements, payment schedules, and default remedies. As a Seller Financing Contract, it requires careful structuring to ensure enforceability under Maltese law and proper registration with relevant authorities, including the Public Registry and Land Registry. This type of agreement is commonly used in both residential and commercial property transactions, particularly in situations where flexible financing terms are desired or when buyers seek alternative financing options.

1. Parties: Identification of the Seller/Financier and Buyer/Borrower with full legal names and addresses

2. Background: Context of the transaction, including brief property description and parties' intention to enter into a seller financing arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Purchase Price, Loan Amount, Interest Rate, etc.

4. Sale Agreement: Details of the property sale, including property description, purchase price, and transfer terms

5. Financing Terms: Loan amount, interest rate, payment schedule, and term of the loan

6. Security Arrangements: Details of the legal charge/hypothec over the property and any other security interests

7. Payment Terms: Detailed payment obligations, including down payment, monthly payments, and final balloon payment if applicable

8. Default and Remedies: Events of default and the seller's remedies, including foreclosure rights

9. Insurance and Maintenance: Buyer's obligations regarding property insurance and maintenance

10. Transfer Restrictions: Limitations on the buyer's right to sell or transfer the property while the loan is outstanding

11. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

12. Costs and Taxes: Allocation of transaction costs, stamp duty, and ongoing property taxes

13. Notices: Process for formal communications between parties

14. Governing Law and Jurisdiction: Confirmation of Maltese law governance and jurisdiction

15. Execution: Signature blocks and execution requirements