Legislative Amendment to Facilitate Sale of Immovable Property by Co-Owners

Legislative Amendment to Facilitate Sale of Immovable Property by Co-Owners

Certain amendments to the Civil Code (Chapter 16 of the Laws of Malta), have come into force, with effect from 1st April 2016, aimed at reducing the number of vacant, derelict and unused properties, by facilitating sales even when there is disagreement between co-owners.

the amendments have catered for a reduction in the time period after which a sale can go through by a decision of the majority, from 10 years to 3

The amendment facilitates the possibility for the majority of co-owners of an immovable property to decide to sell the property by requesting the Maltese Courts to approve a proposed sale. More specifically, the amendments have catered for a reduction in the time period after which a sale can go through by a decision of the majority, from 10 years to 3. The reduced 3-year period will apply with immediate effect. As such, owners of properties which have been in this situation from 1st April 2013 or before, may benefit from this new law.

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