All You Need To Know When Hiring A Commercial Property In Malta

By Author: Mirko Carabott
Total Articles: 36
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If you want to flourish as an entrepreneur in a quick span of time then, Malta is the place for you to fulfil your dreams. Although a commercial place in Malta is less available when compared to residential apartments, yet there is an increase in demand for commercial rental properties in the country. A commercial property for rent in Malta is a specialized space depending on the business which a commercial tenant prefers to run. There are few rules for commercial property for rent in Malta:

The rent is decided on per square meter and per year rate. The bigger the property the heavier its rent.
Future rent increment depends on the current rent agreement. The landlords will try to increase certain percentage on the current rent.
The land lord may try to make an agreement for at least 2years; however as a tenant you have the freedom to always negotiate it.
If you want to sublet the property then the same needs to be mentioned in the agreement clearly.
The maintenance charges which you are liable to pay need to be properly mentioned ...
... in the agreement.

The different types of commercial property for rent in Malta are as follows:



Open Concept Commercial Place: As the open concept offices are in trend nowadays, hence Malta is also not far behind in offering such facilities.



Co-Working Space: The blank spaces are converted in co-working space.



Penthouse Space: Penthouse commercial place is widely sought after building space which Malta offers.



Ware House Space with a Garage: It is also considered as one of the most demanding commercial spaces.



Restaurant Letting in Malta: You need to have 4 D permit which will allow you to cook food and serve there, even you can serve alcohol.



White collar commercial property: For doing white collar business you need to have 4A permit, this property normally provides air condition facilities, separate wash rooms, elevator facilities access to a bus stop etc.



Few factors that help decide on the rent of commercial properties in Malta.



Few factors which decide the rent are,

New or old
Close to the sea or inland, north or south etc.
Price is usually fixed on square meter basis.
If you decide to take the property in rent for very long tenure the average monthly rental might come down.
The kind of facilities you want to enjoy that also decides the rent to a greater extent.

About the Author: This contribution has been made by Mirko Carabott who has written a number of articles on commercial property for rent in Malta and provides fruitful information. For more information, please visit: www.easyrent.com.mt.