Whether you are looking to rent or buy property, explore listings, or considering a career with us, our FAQs provide a holistic information hub covering it all. Get in touch, if you have any other questions.
Rent FAQs:
The maximum number of tenants in a shared property is capped at six, as per local regulations. Landlords may opt for smaller numbers depending on the property’s specifications. Please check with a Phoenix Letting Agent for property-specific details.
Our letting team is focused on long let rental options. Rental properties offered for six months or more are considered a long lets. Usually long let properties are rented for a minimum of twelve months (12). Terms vary by property, so please inquire about the specific property(ies) you are interested in.
According to Maltese law, if you sign a 12 month contract, as a tenant, you can give 1 month notice after your 5th month and terminate your lease agreement after the mandatory period of 6 months. When signing a 2 year contract, the mandatory period is 9 months. For a 3 year contract, the mandatory period is 1 year. For further clarification on this, get in touch with one of Phoenix’s letting agents.
When leasing a property in Malta, a deposit is always required. The amount can vary, but it is usually equivalent to 1 to 2 months rent. The security deposit is refundable at the end of the lease period, subject to a property inspection by the landlord as per the terms of the lease agreement.
Yes, lease agreements are to be registered with the Housing Authority (https://rentregistration.mt/) according to Maltese law. Our letting team will guide you through the process.
Currently, Phoenix solely focuses on residential long lets.
When renting a long let apartment through an agency, a standard agency fee applies. Upon signing the lease agreement, an agency fee of 50% plus VAT, of the first month’s rent, applies for both the landlord and the tenant.
Sale FAQs:
When a property is acquired by title of emphyteusis, the acquirer is obliged to pay the annual specified sum of money due as ground-rent and would also have to adhere to the conditions of the emphyteutical contract. There are various types of ground rent (also known as Emphyteusis or ‘ċens’) namely: perpetual or temporary, and either of these could be revisable or non-revisable. Always consult a notary to understand the process to redeem these ground rents (if applicable). There are both private and government-owned ground rents.
A Promise of Sale (‘Konvenju’) is a contract signed in the presence of a notary. It is a crucial step in the property buying process in Malta. Normally, it is at least six months long when buying by means of a bank loan, and possibly shorter when no third party is involved. Bear in mind that you need to allow enough time for notarial searches to be conducted and for a sanction letter to be issued by the bank if needed.
The promise of sale should include all the conditions agreed on by both parties such as to buy the property regularised or readily-sanctioned as well as all the conditions imposed upon the property either by the developer or the original land owner. The payment terms are all set out in this agreement. All promise of sales are registered by the chosen notary.
The following need to be paid as part of the property purchase process: stamp duty, notarial fees, searches and registration fees. Bank administration fees to issue mortgages will also need to be paid. Capital gains tax may apply to the vendor. Our experienced team will provide you with the necessary information and guide you through the process.
The vendor may be exempt from capital gains tax when the property was used as the vendor’s sole residence for at least 3 years.
Yes, a limited company can purchase property in Malta.
5% plus VAT commission is applied. This is paid by the vendors. In case of an exclusive listing commission will be as per signed agreement.
The buyer will not pay any agency fees.
Listings FAQs:
Yes, it is totally free. In addition, we will carry out a site visit and take professional photos to be featured on our website, social media channels and other marketing efforts.
Yes, one can list any residential property they might have, both for sale or to let.
Yes, we offer exclusive listing options. Contact us for further details.
Phoenix charges the landlord the equivalent of half a month’s rental fee plus VAT.
A base commission rate of 5% plus VAT applies.
Work For Us FAQs:
Yes, we will provide full training to new agents, to ensure they are equipped with the knowledge and skills necessary to succeed in their roles.
Yes, we are offering a base salary in addition to a great commission structure. Get in touch to learn more.
No. When you focus on one area, agents perform much better. If undecided, we can discuss this in our exploratory meeting during onboarding.
We only onboard full-time agents.