Contract For Buying A House From Owner for Malta
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Contract For Buying A House From Owner
"I need a Contract For Buying A House From Owner for purchasing a detached villa in Mellieha, Malta, with completion planned for March 2025; the purchase price is 鈧450,000 and includes all fixtures and furniture."
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1. Parties: Identification of the Vendor and Purchaser with full legal names, ID numbers, addresses, and marital status as required under 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
5. Purchase Price: The agreed purchase price, payment terms, deposit amount, and payment schedule
6. Completion: Details of the final transfer, including timing, location, and requirements for completion
7. Vendor's Warranties: Warranties regarding ownership, absence of encumbrances, planning permissions, and property condition
8. Property Condition: Current state of the property and any known defects or issues
9. Vacant Possession: Confirmation that the property will be delivered vacant and free from occupants
10. Expenses and Taxes: Allocation of notarial fees, stamp duty, and other transaction costs
11. Title and Registration: Provisions regarding proof of title and property registration requirements
12. Notice and Communications: How formal notices between parties should be given
13. Governing Law: Confirmation that the agreement is governed by Maltese law
1. Mortgage Contingency: To be included when the purchase is contingent on the buyer obtaining mortgage financing
2. Ground Rent: Required if the property is subject to ground rent
3. Planning Permits: Needed if there are pending planning applications or recent modifications
4. Fixtures and Fittings: List of items included/excluded in the sale when specific arrangements are made
5. Special Conditions: For unique requirements such as repairs to be completed before completion
6. AIP Permit: Required when the purchaser is a non-resident requiring an Acquisition of Immovable Property permit
7. Condominium Rules: Needed for apartments or properties in shared buildings
8. Agricultural Land Provisions: Required for rural properties or agricultural land
1. Schedule 1 - Property Plans: Official plans and drawings of the property
2. Schedule 2 - Inventory: Detailed list of fixtures, fittings, and furniture included in the sale
3. Schedule 3 - Planning Permits: Copies of relevant planning permits and applications
4. Schedule 4 - Energy Performance Certificate: Current EPC as required by law
5. Schedule 5 - Land Registry Documents: Official property registration documents and searches
6. Appendix A - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
7. Appendix B - Property Photographs: Documentary evidence of property condition at time of contract
8. Appendix C - Compliance Certificates: Relevant building and safety compliance certificates
Authors
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Insurance
Property Management
Professional Services
Residential Property
Legal
Real Estate
Property Management
Compliance
Finance
Mortgages
Risk Management
Business Development
Client Services
Operations
Real Estate Agent
Property Lawyer
Notary Public
Legal Counsel
Property Manager
Mortgage Advisor
Bank Manager
Property Valuer
Architect
Compliance Officer
Real Estate Investment Manager
Property Developer
Legal Assistant
Conveyancing Manager
Real Estate Broker
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