Other important points now clearly defined by the new law are the strict conditions under which a contract can be terminated or a tenant can withdraw from a contract, which serves to protect both parties of the contract and facilitates planning.ģ. These are limited to one increase of not more than 5% per year. The documents required can be filled in online.Īnother key aspect pertaining to rentals is the question of rent increases. Similarly, the inventory of the rental property must also be registered. The law stipulates that landlords must register private rental contracts including the deposits within 10 days of commencement of the rental agreement. If any of these details are not included in the rental contract, the contract will be considered void. The intended use of the rental property must also be specified. Among the required information are details about the rental property itself the duration of the rental agreement and whether and how the duration can be extended an inventory of the property listing all the furniture and appliances on the property and their current state at the beginning of the rental period the rental amount and the amount of the security deposit. A rental contract is considered valid only if specific details are included. One of the key aspects of the new law covers the rental contract, which is required to explicitly state the conditions under which a rental agreement has been entered into.
This introduced new requirements for both landlords and tenants and is seen as a major step towards increasing stability in the sector and defining and safeguarding the rights of both tenants and landlords. The beginning of 2020 saw the introduction of new legislation governing the rental of residential properties. Details of rental law in Malta: aspects you should know when renting a property This is just a small sample of the huge selection of prime rental real estate options for tenants to be found in Malta covering everything from exclusive apartments, houses and flats to classic villas.Ģ. For house rentals, key locations include Gharghur, a small rural town Bahar Ic Caghaq, a coastal village and Madliena, formerly a rural area and now residential in character. Julian’s located close to major nightlife hotspots and shopping opportunities on the coast, while Valletta, Malta’s capital, offers an overwhelming abundance of history and culture as well as entertainment and shopping.
Julian’s, Valletta, and Msida, with both Sliema and St. The chief types of rental properties in Malta are houses, apartments, penthouses, and villas.įor apartments or penthouses, key locations to consider are Sliema, Gzira, St. And it goes without saying that the island boasts a huge number of beautiful beaches and sporting activities for your enjoyment in the sun. Equally as important is the great weather the island has to offer all year round, especially for those wanting to escape the harsh winters in their home country.
Why choose Malta as a place to rent a property in the MediterraneanĪ key factor in choosing Malta as an ideal place to rent a residential property is the island’s easy accessibility from most major European and North African airports, with relatively short flight times and frequent daily services.
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