Rental Agreement Form In Malta

Those who want to move to Malta, renting a property on arrival is the best option for the best prices. However, under the Citizenship by Investment Scheme, you can also rent a property and obtain citizenship according to the conditions imposed by the government. The minimum value of the rental contract under this programme is 16,000 euros per year. Persons found guilty of granting a separate building or premises inside a dwelling that does not comply with the law, as well as others listed in article 22 of the law, are guilty of a crime against the law and are liable for a fine of at least two thousand and five hundred euros (2,500 euros) and no more than ten thousand euros (10,000 euros). However, if the injured person complies with the provisions of the Authority within the time limit after receiving a notice of execution, that person is held liable in the event of a fine (multa) which cannot exceed 5000 euros (5,000 euros). These issues will be tried in court. According to LN 260/2018, landlords have the right to change the rent to be paid in the event of an automatic renewal of a rental or rental agreement. But the same law also provides for the protection of tenants, which means that the value of the rent cannot increase by more than 5% per year. The notice period should be set in the lease agreement. Landlords and tenants are able to freely negotiate the termination of a contract. If one of the parties violates one of the terms of the lease, the contract may be terminated. This information is in no way considered professional advice.

For more assistance, please contact us at info@csagroup.mt and we will contact you shortly. When renting a property, there is little paperwork to add. Once a property has been found, the tenant is required to sign a rental agreement that is usually provided by the real estate agent. This agreement lists the rights and obligations of tenants and landlords/owners. As part of the new rent reform, some rental contracts must be registered. The Private Residential Leases Act („Chapter 604 of Maltese Laws“) was developed in a way that provides for a greater bias in favour of tenants vis-à-vis landlords. This is what Parliament is doing to try to intervene in a rental market that is perceived to be perceived to it, where rent prices soar over a relatively short period of time. Intervention in market dynamics is always a complex issue, and no system does it perfectly.

The purpose of this guide is not to comment on the validity or nullity of the law, but to provide a useful guide to landlords and tenants who wish to understand and navigate Malta`s private rent laws. There are still several areas that are not yet clear or are subject to their own interpretation, which is why both landlords and tenants are advised to be advised before entering into leases, especially for long-term leases, or in the case of leasing, or in other ways as an investment. Apartment rentals used exclusively for tourism are exempt, but MTA-licensed properties rented for short rentals remain considered short rentals (not tourist rentals). In the case of a private lease, the lessor must declare the contract within 10 days of the start of the lease. Otherwise, the tenant can declare the contract himself and keep part of the rent for the reimbursement of administrative costs.