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This 10 Year Lease Agreement is designed for use in Malta when parties wish to enter into a long-term property rental arrangement. It is particularly suitable for commercial premises, industrial facilities, or significant residential properties where a substantial commitment period is desired. The document incorporates all requirements under Maltese law, including mandatory provisions from the Civil Code (Chapter 16) and the Reletting of Urban Property (Regulation) Ordinance. It addresses crucial aspects such as rent reviews, maintenance obligations, assignment rights, and termination conditions, while ensuring compliance with local registration requirements and recent rental law reforms. This type of agreement is commonly used for established businesses seeking stability in their location or for property owners wanting to secure long-term tenants with proven financial stability.

1. Parties: Identification of the lessor and lessee with full legal names, registration numbers (if companies), and addresses

2. Background: Context of the lease agreement, brief description of the property, and purpose of the lease

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the leased property including address, boundaries, and included fixtures/fittings

5. Term and Commencement: Specification of the 10-year term, commencement date, and any conditions precedent

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and rent review mechanisms

7. Deposit and Security: Details of security deposit, amount, holding terms, and conditions for return

8. Use of Property: Permitted use of the property and any restrictions

9. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and improvements

10. Utilities and Services: Responsibility for utilities, services, and related charges

11. Insurance: Insurance requirements for both parties

12. Assignment and Subletting: Conditions and restrictions on assignment and subletting rights

13. Landlord's Covenants: Obligations and warranties of the landlord

14. Tenant's Covenants: Obligations and warranties of the tenant

15. Termination: Grounds for termination, notice requirements, and consequences

16. Registration: Requirements for registration with relevant authorities as per Maltese law

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

18. Notices: Process and addresses for serving formal notices

19. Entire Agreement: Standard boilerplate confirming this as the complete agreement between parties