All You Need to Know when Hiring a Commercial Property in Malta

1. All You Need to Know when Hiring a Commercial Property in Malta All You Need to Know when Hiring a Commercial Property in Malta 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 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 Co- -Working Space Working Space: The blank spaces are converted in co-working space. Penthouse Space Penthouse Space: Penthouse commercial place is widely sought after building space which Malta offers. Ware House Space with a Garage Ware House Space with a Garage: It is also considered as one of the most demanding commercial spaces. Restaurant Restaurant Letting in Malta 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.

2. 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.