Agreement Between Buyer And Seller Of Property for Malta
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Agreement Between Buyer And Seller Of Property
"I need an Agreement Between Buyer And Seller Of Property for a luxury villa in Mellieha, Malta, with completion scheduled for March 2025, including specific provisions for a swimming pool and private access to the beach, where the buyer is a non-EU resident requiring AIP permit."
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1. Parties: Identification and details of the Vendor and Purchaser, including full legal names, ID numbers, and addresses as required under Maltese law
2. Background: Context of the sale, brief property history, and reference to any preliminary agreements (konvenju)
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Sale and Purchase: Core agreement for the sale and purchase of the property, including the exact description of what is being sold
5. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and method of payment
6. Property Details: Comprehensive description of the property, including boundaries, measurements, and any included fixtures and fittings
7. Completion: Details of the completion process, timing, and requirements for final deed (kuntratt)
8. Vendor's Warranties: Warranties regarding property ownership, absence of encumbrances, planning permissions, and other legal requirements
9. Purchaser's Warranties: Warranties regarding ability to complete the purchase and compliance with relevant laws
10. Costs and Taxes: Allocation of costs, including notary fees, stamp duty, and other transaction costs
11. Possession: Terms for delivering possession of the property and handling of keys
12. Notices: Process for serving formal notices between parties
13. Governing Law: Confirmation of Maltese law as governing law and jurisdiction
14. Execution: Signature blocks and execution formalities
1. Ground Rent: Required when the property is subject to ground rent (膵ens)
2. Conditions Precedent: Used when completion is subject to specific conditions such as bank financing or planning permissions
3. Special Designations: Required for properties in Special Designated Areas or subject to specific regulations
4. Tenancies: Required when the property is sold subject to existing tenancies
5. Planning Permits: Detailed section on planning permits when the property involves recent construction or modifications
6. AIP Requirements: Required when the purchaser is a non-resident requiring Acquisition of Immovable Property permit
7. Service Charges: Required for apartments or properties within managed complexes
8. Condominium Rules: Required for properties subject to condominium regulations
1. Property Description Schedule: Detailed technical description of the property, including plans and measurements
2. Inventory Schedule: List of movable items included in the sale
3. Planning Permits Schedule: Copies or details of relevant MEPA/Planning Authority permits
4. Title Documentation Schedule: List of title documents and their details
5. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
6. Condition Report: Report on the current condition of the property
7. Energy Performance Certificate: Required EPC documentation
8. Land Registry Plans: Official plans and surveys from the Land Registry
Authors
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Property Management
Residential Property
Commercial Property
Professional Services
Public Notary Services
Legal
Real Estate
Property Management
Compliance
Risk Management
Operations
Corporate Services
Investment
Acquisitions
Document Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Notary Public
Property Developer
Legal Counsel
Conveyancing Lawyer
Real Estate Investment Manager
Property Acquisition Manager
Compliance Officer
Real Estate Portfolio Manager
Property Valuation Specialist
Real Estate Transaction Coordinator
Legal Document Specialist
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