Renting and Leasing Property information - Malta and Gozo

Long Lets

A long let is usually for a period of not less than 6 months. The rental price is usually substantially lower than the short let price and that is why a contract binds the lessee to take the property for a minimum period. All contracts (unless agreed otherwise) include a 'force majeure' clause which gives the Lessee the right to terminate the lease before it's lapse, should he/she have to leave the island for a valid reason.

1. Refundable security deposit - usually equivalent to one or two month's rent
2. Rent in advance - depending on what is agreed (could be monthly, quarterly or even yearly)
3. Agency fee - The standard agency fee is equivalent to ½ of the first month's rent from the Landlord and ½ of the first month's rent from the tenant.

Short Lets

A short let can range from a minimum of 7 days to 6 months. The rent varies depending on the property, the number of persons and the duration. One will generally have to pay a higher daily rent for one week compared to one month.

1. Rent is usually paid in advance, however can be negotiated differently on monthly rentals.
2) Agency fee is 10% of the total rent from the landlord and 10% of the total rent from the tenant.

Holiday Rentals

To secure your booking of a holiday rental, a non-refundable 25% deposit is required upon booking. The balance is due 8 weeks prior to your arrival.

Effecting payments through your bank, you will need to instruct them to transfer funds to one of various Banks located in Malta, some of the well known; 

Bank of Valletta p.l.c. , HSBC Malta plc, APS Bank or Lombard Bank Malta plc, 

Payment by credit card.
We require by fax, a signed letter authorising us to debit your card with the relative amount. Please provide us with:

Your Credit Card number
Credit Card expiry date
Name of Credit Card holder (as displayed on your credit card)
Signature

Information kindly supplied by Mr. Ian Casolani (Belair Real Estate)