Proposal To Reform The Rental Market

The Parliamentary Secretariat for Social Accommodation has published a White Paper proposing the setting up of a new regulatory framework (the 'Regulatory Framework') to reform the residential rental market in Malta, referred to as the private rented sector (the 'PRS').

Rationale

The White Paper proposes providing both Landlords and Tenants with greater stability, flexibility, security, transparency and predictability in the long-term. There is a clear emphasis on creating a balance between Landlords and Tenants. The White Paper seeks:

1. to protect the fundamental rights of Landlords, especially their rights to property, to contractual freedom and to generate an adequate profit, and to reduce agency fees, vacancy costs and maintenance expenses; and