Proposal to Reform the Rental Market
This article was written by Dorita Cardona and Joshua Chircop.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').RationaleThe 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…
Dorita Cardona17th October 2018