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Lease Extension Agreement for Malta

Lease Extension Agreement Template for Malta

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Lease Extension Agreement

"I need a Lease Extension Agreement for my Malta apartment rental, extending the current lease for an additional 2 years from March 1, 2025, with a 5% rent increase and maintaining all other existing terms."

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Lease Extension Agreement

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What is a Lease Extension Agreement?

The Lease Extension Agreement is utilized when parties to an existing lease wish to extend their contractual relationship beyond the original term under Maltese law. This document is essential for both residential and commercial properties in Malta, requiring compliance with specific local regulations including the Civil Code, Private Residential Leases Act, and relevant property ordinances. It typically includes details of the extension period, updated rent terms, confirmation of existing conditions, and any modifications to the original agreement. The document must be properly registered with relevant authorities as required by Maltese law, particularly for residential leases. This agreement type is crucial for maintaining legal certainty and protecting both landlord and tenant interests while ensuring compliance with Malta's strict property regulations and registration requirements.

What sections should be included in a Lease Extension Agreement?

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

2. Background: Details of the original lease agreement, including its date, term, and property description, and the parties' intention to extend the lease

3. Definitions: Definitions of key terms used in the agreement, including references to the original lease agreement

4. Extension Term: Specific details of the extension period, including start and end dates

5. Rent and Payment Terms: Updated rent amount, payment schedule, and any rent review mechanisms for the extension period

6. Confirmation of Original Terms: Statement confirming which terms from the original lease remain in effect during the extension period

7. Modified Terms: Clear specification of any terms that are being modified for the extension period

8. Registration Requirements: Provisions regarding registration of the extension agreement with relevant authorities as per Maltese law

9. Governing Law: Confirmation that the agreement is governed by Maltese law

10. Execution: Signature blocks for all parties and witness requirements

What sections are optional to include in a Lease Extension Agreement?

1. Break Clause: Optional provision allowing either party to terminate the extension early under specified conditions

2. Property Improvements: Section detailing any agreed renovations or improvements to be made during the extension period

3. Security Deposit Adjustment: Terms for any changes to the existing security deposit arrangement

4. Insurance Requirements: Updated insurance obligations if different from the original lease

5. Utilities and Services: Modified arrangements for utility payments or services if changed from original lease

6. Green Lease Provisions: Environmental and sustainability obligations if being added to the extension

7. Covid-19 or Force Majeure Provisions: Special provisions dealing with pandemic or other force majeure events

What schedules should be included in a Lease Extension Agreement?

1. Schedule 1 - Original Lease: Copy or summary of the original lease agreement being extended

2. Schedule 2 - Property Description: Detailed description of the property including any changes to the premises since the original lease

3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments, including any incremental increases during the extension period

4. Schedule 4 - Condition Report: Updated condition report of the property at the time of extension

5. Schedule 5 - Modified Terms: Detailed list of any terms that differ from the original lease

6. Appendix A - Energy Performance Certificate: Current EPC if required under Maltese law

7. Appendix B - Registration Documents: Copies of registration documents with relevant housing authorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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