tiktok���˰�

The Real Estate Purchase Agreement Contract is a fundamental legal document used in Malta for property transactions between vendors and purchasers. It represents the final agreement following any preliminary promise of sale agreement (konvenju) and must comply with strict requirements under Maltese law, including the Civil Code (Chapter 16) and the Notarial Profession and Notarial Archives Act. This agreement is essential for any property transfer in Malta, whether residential or commercial, and must be executed in the presence of a Notary Public. It includes crucial elements such as property details, price, payment terms, warranties, and specific declarations required by Maltese law. The document is particularly important given Malta's unique property laws and requirements for both local and foreign purchasers, including special provisions for property situated in Urban Conservation Areas or having historical significance.

1. Parties: Identification of the Vendor and Purchaser with full legal names, ID numbers, and addresses 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, and other relevant definitions

4. Property Description: Detailed description of the property as per Land Registry requirements, including boundaries, measurements, and any rights or burdens

5. Purchase Price: The agreed purchase price, payment terms, deposit requirements, and method of payment

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

7. Completion: Terms and process for completion of sale, including timing, notarial requirements, and delivery of documents

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

9. Property Condition: Statement of property condition, any known defects, and basis of sale (e.g., 'tale quale')

10. Costs and Taxes: Allocation of notarial fees, stamp duty, and other transaction costs

11. Risk and Insurance: Transfer of risk and insurance obligations between parties

12. Notices: Process and requirements for formal communications between parties

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

14. Execution: Signature requirements and notarial execution provisions