Each room rental has a duration of 6 months. The tenant may resign at any time at the end of one month, provided one week`s notice is given. The termination must be sent by recommended letter. In the event of a short-circuit, the tenant can terminate his tenancy agreement at the end of one month without loss of deposit, provided that the landlord is notified by recommended letter one week in advance. Contracts must be registered for a fee, otherwise they are considered null and void. In Malta, signing a rental agreement is a simple procedure, usually carried out through a real estate agency. Please be aware that the leases written in English are legally binding and, if part of the contract is breached, the document is recognized by the Maltese court. Our lawyers in Malta can, if necessary, provide you with additional information about this. What a Shared Residential Space The new rent regulation provides for the rental of co-locations. It is the rental or rental of a separate room in a building with common amenities.
In such cases, the lease term is 6 months and the contract cannot be renewed. The contract may be terminated at any time during this period, as a week of termination is made by a recommended letter. What services do Engel and Velkers Malta offer to facilitate the transition to the new rules? The Engel-Velkers representatives are available to you in case of any questions or concerns you may have about the new rental rules, whether you are a tenant or you are looking for a property to rent. Our agents are happy to register the lease on your behalf. We also offer the service of inventory creation. Such leases cannot be renewed and must be registered in the same way as private leases. What are the contracts in place under the new rules? The 2020 lease agreements apply to all leases signed after June 1, 1995. All homeowners who rent their property for primary purposes must declare these assets to the housing authority. The new law is expected to come into force from 2020. Until then, you can count on our Maltese lawyers to award leases under current legislation.
The rent can only be increased if the tenancy agreement is expressly provided and, if so, it can only be increased once a year. As of January 1, 2020, homeowners will be required to declare their primary leases within 10 days of the start of the lease at the Housing Authority. Find out how to run this process in a few simple steps below! Failure to register a rental agreement can be an offence that results in fines of up to 10,000 euros.
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