S.L. 573.18 Art. 9Type Bredemption – Conditions for redemption of Residential Properties that are not considered as the sole and ordinary residence of the applicant.      S.L. 573.17.         S.L. 573.17. 6 [S.L.       S.L. 573.15.  S.L. 573.15.

(1) Any property not eligible under a Type A

redemption may nevertheless be redeemed according to the provisions of Schedule II.

(2) In the case that the redeemed property is sold or transferred by a real right during the period of fifteen (15) years from the date of validation of the application for redemption, an additional payment of three per cent (3%) of the selling price shall be due to the Authority:

Provided that the additional payment of three per cent (3%) shall be paid with the transfer of each individual unit if the redeemed property has been redeveloped into separate units.

(3) The date of validation of the application shall be the date on which the application was validated and ready to be processed by the Authority, which date shall be indicated in the deed of redemption.

(4) These additional payments shall be due only once on the occurrence of the first transfer following redemption.

(5) The property shall be redeemed subject to the condition that it shall be used for a residential purpose in accordance with these regulations and any change in use shall be subject to the regulations established by the provisions of the Amendment or Revocation of a

Condition Imposed in a Contract of a Property Transferred by the Government, the Lands Authority or Ecclesiastical Entities by means of a Sale or Emphyteusis Regulations.

(6) Garages and, or parking spaces that do not qualify under a Type A redemption and are not used for commercial purposes, may be redeemed in accordance with Schedule II and the rate of three per cent (3%) of the selling price shall also be applicable. Should the use of the garage and, or parking space be changed to a commercial nature, the provisions of the Amendment or Revocation of a Condition

Imposed in a Contract of a Property Transferred by the Government, the Lands Authority or Ecclesiastical Entities by means of a Sale or Emphyteusis Regulations shall apply:

Provided that there shall be no distinction based on the SCHEME AND SUBSEQUENT FULL OWNERSHIP OF 573.18 RESIDENTIAL GOVERNMENT PROPERTY

date of the granting of the original concession or on the expiry date of the emphyteusis:

Provided further that properties with an expired emphyteutical concession and that qualify under the terms of a Type B

redemption, shall be eligible to apply under the same terms of a Type

B redemption once the emphyteutical concession has been renewed under the provisions of the Expired or Expiring Emphyteutical

Concessions Regulations.

(7) The minimum amount payable by the applicant following the submission of the application in accordance with the Expired or Expiring Emphyteutical Concessions Regulations shall be of one (1) year ground rent and shall be paid prior to the submission of the application in accordance with these regulations:

Provided that additional payments shall be charged to the seller on transfers subsequent to the deed of redemption and shall be collected by the notary publishing the deed of transfer of property.