NEW RENT LAWS
As from 1st January 2020, new rent agreements regarding all private rental properties have to be registered. There are also minimum and maximum rent periods for long lets and short lets respectively.
Which contracts are covered by the new law?
Which contracts are not covered?
The contract of lease must be made in writing
Long private residential leases cannot be made for a period of less than one year.
Rent can only be increased once a year up to a maximum of five percent (5%)
Essential requirements for a contract of lease, under pain of nullity:
All private residential rent agreements must be in writing and must include:
REGISTRATION OF RENTAL AGREEMENTS:
Lessors must register the lease contract with the Housing Authority within ten days of the commencement of the lease. Should the lessor fail to carry out this duty, the lessee may register the lease contract himself, and deduct the expense from the lease. This obligation also applies to those contracts entered into after 1st June 1995, but before the coming into force of the Act and which would still be in force as of 1st January 2021.
BUDGET 2020 NEWS
REDEMPTION OF EMPHYTEUTICAL GRANTS (FIDI TA' CENS TEMPORANJU)
A new scheme for redemption of temporary groundrent has just been announced. More details here.
This Scheme opened on 01st October 2019 and will remain open until further notice. Application forms may be downloaded from MTIP website www.infrastructure.gov.mt or Lands Authority website www.landsauthority.org.mt .