Buying A House On Contract Form for Malta
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Buying A House On Contract Form
"I need a Buying A House On Contract Form for purchasing a newly constructed villa in Gozo, Malta, with completion scheduled for March 2025, including specific clauses for swimming pool maintenance and solar panel installation warranties."
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1. Parties: Identification and details of the Vendor and Purchaser, including ID numbers, addresses, and marital status as required by Maltese law
2. Background: Context of the sale, including brief property history and current ownership status
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Description: Detailed legal description of the property, including boundaries, measurements, and registration details as per Land Registry requirements
5. Purchase Price: The agreed purchase price, payment schedule, and deposit requirements
6. Payment Terms: Detailed breakdown of payment structure, including deposit, stage payments if any, and final payment
7. Completion Requirements: Conditions for completion, including searches, permits, and documentation requirements
8. Vendor's Obligations: Responsibilities of the seller, including delivery of vacant possession and required documentation
9. Purchaser's Obligations: Responsibilities of the buyer, including payment obligations and due diligence requirements
10. Warranties and Representations: Standard warranties about property ownership, encumbrances, and condition
11. Notarial Deed: Requirements and arrangements for the final deed of sale
12. Costs and Taxes: Allocation of notarial fees, stamp duty, and other transaction costs
13. Governing Law: Confirmation that the agreement is governed by Maltese law
14. Signatures: Execution section for all parties and witnesses
1. Construction Completion: Used when property is under construction, specifying completion requirements and standards
2. Bank Finance: Include when purchase is subject to bank financing, detailing conditions and timelines
3. Special Conditions: For unique requirements such as repairs, renovations, or specific inclusions/exclusions
4. Ground Rent (膴ens): Required if the property is subject to ground rent payments
5. AIP Permit: Required for non-resident purchasers needing Acquisition of Immovable Property permits
6. Rental Agreements: Include if property is subject to existing tenancies
7. Planning Permissions: Required for properties needing specific permits or with pending applications
1. Property Plans: Architectural plans, site plans, and measurements of the property
2. Inventory: List of fixtures, fittings, and other items included in the sale
3. Land Registry Documents: Property registration documents and site plans
4. Energy Performance Certificate: Mandatory EPC documentation
5. Planning Permits: Copies of relevant MEPA permits and applications
6. Title Documents: Copies of relevant title documents and searches
7. Payment Schedule: Detailed breakdown of payment installments if applicable
8. Condition Report: Survey or condition report if commissioned
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Finance
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Operations
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Customer Relations
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Real Estate Agent
Property Lawyer
Notary Public
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Conveyancing Officer
Property Valuator
Real Estate Portfolio Manager
Compliance Officer
Property Administrator
Real Estate Transaction Coordinator
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