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The Property Purchase Agreement is a fundamental legal document used in Malta for real estate transactions, whether residential or commercial. It serves as the definitive contract between parties for the transfer of immovable property, incorporating all necessary elements required by Maltese law. The agreement must be drafted in compliance with the Civil Code of Malta and related legislation, requiring notarial execution for validity. It typically follows a preliminary agreement (konvenju) and includes comprehensive details about the property, parties, price, payment terms, warranties, and completion requirements. The document is essential for both domestic and international transactions, with special provisions for non-resident purchases requiring AIP permits. It forms the basis for the final deed of sale and must address specific local requirements such as stamp duty, property transfer tax, and registration procedures.

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses as required by Maltese law

2. Background: Context of the sale, including brief property history and current ownership status

3. Definitions: Definitions of 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 terms, deposit requirements, and method of payment

6. Completion: Details of the completion process, timing, and requirements for transfer of title

7. Vendor's Warranties: Warranties regarding property ownership, absence of encumbrances, planning permissions, and other legal requirements

8. Purchaser's Warranties: Warranties regarding ability to purchase, funding arrangements, and compliance with legal requirements

9. Terms of Payment: Detailed payment schedule, including deposit, stage payments if any, and final payment arrangements

10. Property Condition: State and condition of the property at sale, including any agreed repairs or modifications

11. Notarial Deed: Requirements and arrangements for the final deed of sale as required by Maltese law

12. Costs and Taxes: Allocation of costs including notarial fees, stamp duty, and other associated expenses

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