Deed of Sale (Kuntratt ta' Bejgħ)

Deed of Sale (Kuntratt ta' Bejgħ)

The Deed of Sale, or 'Kuntratt ta' Bejgħ', is an essential legal document in the process of acquiring immovable property in Malta. We will ensure that this transaction is carried out seamlessly and that the title to the property has been transferred and ownership is secured, whether the purchase is made with or without a bank loan.
In the purchase of immovable property, the Deed of Sale represents the final step, officially transferring ownership from seller to buyer. This deed not only confirms the sale but also outlines the terms of the property transfer, incorporating all conditions agreed upon in the Promise of Sale Agreement (Konvenju). Our role is to diligently vet searches into title, transfers and liabilities of the parties involved, including the obligation of researching and examining the title and the root of title to the property being transferred. With this knowledge we will then draft the public deed, ensuring accuracy and compliance with legal requirements. Our comprehensive services include this meticulous process which will protect your investment and guarantee a clear transfer of property. The financial aspect of property transactions varies depending on whether a bank loan is involved. For purchases made with a bank loan, we coordinate with the financial institution to manage the loan agreement and ensure that the terms are correctly reflected in the Deed of Sale. This includes handling any securities, such as hypothecs and privileges, required by the bank. For transactions without a bank loan, we oversee the payment process directly, ensuring all financial dealings are transparent and legally sound.

We will provide clear guidance on all financial obligations associated with the property transaction.

Additionally, we handle the necessary fiscal formalities, such as duty on documents and transfers, also known as stamp duty or boll in Maltese, which is normally payable by the person acquiring the property and final withholding tax, which is normally payable by the person transferring the property, and other relevant taxes. We will provide clear guidance on all financial obligations associated with the property transaction in Malta and ascertaining the proper amount of tax chargeable or any exemption through schemes and incentives that are open from time to time.

At Sceberras Trigona Notaries & Associates, we understand the complexities of buying immovable property, with or without a bank loan. Our commitment is to offer comprehensive legal support throughout your property acquisition journey. From drafting the Deed of Sale to handing over the keys, we ensure your property purchase is executed with the highest level of professionalism and legal expertise, providing a stress-free and confident property buying experience in Malta.