Malta’s much awaited rent reform will come into force on January 1st 2020, having just been approved by Malta’s Parliament. Aimed at bringing stability to the sector, the new rent regulations include amongst other:
- a minimum rent period of one year on long lets
- a maximum rent period of six months on short lets
- a minimum notice period for landlords and tenants
- caps on price hikes
- an obligatory contract registration.
The new rent laws apply to all rental contracts signed as from January 2020. It also applies to any existing rental contracts entered into after June 1995 that are still in effect in January 2021.
Frank Salt Real Estate is organising two seminars for landlords interested in finding out more about the changes in the regulations governing rentals.
The event will also see the participation of Dr Ian J Stafrace, from Saliba Stafrace Legal who will be giving a presentation on the main highlights of the rent reform. There will also be time for questions.