Malta’s Real Estate sector is traditionally sound. The team at IURIS Malta has been exposed to this reality, having assisted owners, developers, contractors and other services providers to this industry.
We offer advice to buyers and sellers of land or other immovable property. In Malta sales are normally preceded by a promise of sale, which is an undertaking between the purchaser and the vendor, binding themselves reciprocally to buy and sell respectively. Services include drafting of the promise of sale agreement, assistance in its registration and provisional stamp duty payments, assisting foreigners/expats in their application for buying immovable property (AIP’s), as well as drafting and representation of the final deed of sale. We also assist in disputes that may arise, including the enforcement or the rescission of the promise of sale, actions for recoveries of deposits & other monies, and actions for latent defects or breach of contract.
IURIS Malta has a sound practice in the field of letting and hiring, in both commercial and residential leases. We are proud to have followed and contributed to recent amendments to upgrading Malta’s rent laws. This has positioned us to better assist clients in the drafting of agreements for the letting of company premises, retail outlets, gaming parlours, stores and other tenements. We also advise and assist in various disputes that arise, involving the breach of the conditions of lease, the payment of rents, the dissolution of the lease, the eviction of the tenant and the recovery of the premises, including rural and agricultural leases.
The proliferation of apartment blocks and the introduction of the Condominium Act has necessitated the implementation of proper Condominium Rules. IURIS Malta can set up residents’ associations for clients, and can interpret the statute where this is already established, and enforce by arbitration where necessary. We can also assist on a variety of neighbour issues, such as burdens and servitudes, the use of common areas and other civil law matters.
Development Planning Process
We provide our clients with representation before the local planning & development authority (MEPA). Having acquired a thorough knowledge of the applicable rules and procedures, we can assist during the initial stages, accompanying clients during hearings, up until the appeal stages before the Authority’s adjudicating and appeals boards. Our litigation team has intervened in appeals before the Court of Appeal. We can also assist in other development planning matters such as enforcement proceedings and objections to proposed developments by interested third parties.
Contracts of Works
Given that apartments and other properties are often sold when still in a shell form, the need arises to regulate the manner in which these are to be completed. At IURIS Malta we can draw up such contracts of works and finishes.