tiktok���˰�

The Real Estate Sales Contract is a fundamental legal document used in Malta for property transactions, essential for both residential and commercial property transfers. It must comply with Malta's Civil Code (Chapter 16) and related legislation, including specific requirements for property transfers, tax obligations, and anti-money laundering regulations. This contract type is required whenever real estate property is being transferred from one party to another in Malta, whether the parties are individuals or companies, residents or non-residents. The document includes crucial details about the property, parties involved, financial terms, warranties, and completion requirements, while ensuring compliance with both local and EU regulations. It serves as the definitive agreement for property transfer and must be executed in the presence of a Notary Public as required by Maltese law.

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification 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, Deposit, and other relevant terms

4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration details as per Land Registry requirements

5. Purchase Price: Total consideration and payment structure, including deposit amounts and payment schedules

6. Payment Terms: Detailed breakdown of payment method, installments, and timing of payments

7. Completion: Conditions and procedures for completion of sale, including timing and location of final deed signing

8. Vendor's Warranties: Legal warranties regarding property ownership, encumbrances, and condition as required by Maltese law

9. Property Condition: Current state of the property and any known defects or issues

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

11. Possession: Terms for delivering possession and keys to the property

12. Risk and Insurance: Transfer of risk and insurance obligations

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

14. Notices: Process for formal communications between parties