In Malta, the typical lease term for a rental property is 12 months, although it is not uncommon to find lease agreements for 6 months or 24 months. The lease agreement should include the start and end dates, the monthly rent amount, and any additional fees such as utilities, maintenance costs, and security deposits.
Furnished vs Unfurnished
Furnished rental properties in Malta typically come equipped with all the furniture, appliances, and household items needed for a tenant to live comfortably. This can include items such as a bed, dresser, sofa, dining table, refrigerator, oven, and washing machine. Unfurnished rental properties, on the other hand, usually come with only the basic amenities such as kitchen cabinets, countertops, and light fixtures.
Standard Clauses in a Lease Agreement
A standard lease agreement in Malta should include several key clauses, such as the rental amount, security deposit, payment due date, termination notice period, and any restrictions or rules regarding the property’s use. The agreement should also specify the responsibilities of both the landlord and tenant, such as who is responsible for maintaining the property and paying utilities. Additionally, the lease agreement should state any restrictions on subleasing, alterations to the property, and pets.
Additional Clauses
While not mandatory, some landlords may include additional clauses in the lease agreement such as penalties for late rent payments, restrictions on guests, and a requirement for renters insurance. These clauses are often included to protect the landlord’s interests and should be carefully reviewed before signing the lease agreement.
Expats Awareness
Expats in Malta should be especially aware of the terms and conditions of the lease agreement before signing. This includes understanding the responsibilities of both the landlord and tenant, the duration of the lease, and any additional fees. Expats should also be familiar with the local laws and regulations regarding rental properties, as these can vary greatly from their home country.
Condition Reports
Condition reports are not commonly used in Malta before signing a lease agreement. However, it is advisable for tenants to inspect the property and document any existing damages or issues before moving in. This documentation can be used as evidence in the event of disputes regarding the condition of the property at the end of the lease.
Letting Agents Qualifications & Licenses
In Malta, letting agents must be licensed by the Malta Federation of Estate Agents (MFEA) to operate legally. The MFEA is responsible for regulating the practices of estate agents and ensuring that they adhere to ethical standards. Letting agents should also have adequate insurance coverage, as well as training and experience in the real estate industry.
Associations & Organizations
The Malta Federation of Estate Agents (MFEA) is the main association for reputable letting agencies in Malta. The MFEA can be contacted by phone at +356 2124 0240 or by email at info@mfea.org.mt. More information about the MFEA and its member agencies can be found on their website, www.mfea.org.mt.
