Maldives
Resort Island Property Procedure
Complete step-by-step guide for the lease rights transfer of resort island properties in the Maldives. From initial confidentiality agreements through to the final Sale & Purchase Agreement.
Transaction Type
Lease Rights Transfer
Property Type
Resort Island
Initial Deposit
USD 200,000
Deposit Status
Non-Refundable
Typical Timeline
45–60 Days
Process
MOU to SPA Completion
Steps for Lease Rights Transfer
A structured 7-step process from NDA to SPA completion
Confidentiality Agreement
The buyer executes a Non-Disclosure Agreement (NDA) protecting all sensitive information shared during the transaction process.
- Protects proprietary information of both parties
- Covers financial data, property details, and transaction terms
- Legally binding throughout the transaction and beyond
- Standard international NDA format
Letter of Intent & Proof of Funds
The buyer submits a formal Letter of Intent (LOI) to the property owner, along with a copy to the mandate holder. The submission includes proof of funds or a company profile to demonstrate financial capacity.
- Formal LOI addressed to the property owner
- Copy provided to the mandate holder
- Proof of Funds (bank statement, letter of credit, or equivalent)
- Company profile demonstrating financial capacity
Document Exchange & MOU
Both parties exchange property details, lease agreements, and compliance records. A Memorandum of Understanding (MOU) is then signed, establishing the exclusivity period and key terms.
- Exchange of property documentation and lease agreements
- Review of compliance and regulatory records
- Signing of Memorandum of Understanding (MOU)
- Establishment of exclusivity period and transaction terms
Buyer's Due Diligence
The buyer conducts comprehensive due diligence to verify all aspects of the property, including lease terms, environmental compliance, financial obligations, and regulatory standards.
- Verification of lease terms and conditions
- Review of environmental and regulatory compliance
- Assessment of financial obligations and liabilities
- Confirmation of property standards and certifications
Owner's Due Diligence
The property owner evaluates the buyer's financial standing, background, and ability to meet ongoing lease obligations and property management requirements.
- Evaluation of buyer's financial standing
- Background verification and references
- Assessment of ability to meet lease obligations
- Review of property management capabilities
Non-Refundable Deposit
The buyer pays a non-refundable deposit of USD 200,000 to secure the exclusivity period. This serves as a financial guarantee and commitment to proceed with the transaction.
- Deposit amount: USD 200,000
- Non-refundable under any circumstances
- Secures an exclusivity period for the buyer
- Demonstrates serious intent and financial commitment
Sale & Purchase Agreement
The finalized Sale & Purchase Agreement (SPA) is executed, including all lease transfer details, payment terms, conditions, and regulatory approval requirements.
- Comprehensive lease transfer details
- Agreed payment terms and schedule
- Conditions precedent and warranties
- Regulatory approval requirements and timelines
Expected Timeline
From signing the Memorandum of Understanding (MOU) to the completion of the Sale & Purchase Agreement (SPA), the process typically takes 45 to 60 days.
Steps 1–3
Pre-MOU
Step 4
MOU Signing
Steps 5–6
Due Diligence
Step 7
SPA Completion
Important Notice
- The USD 200,000 deposit is non-refundable under any circumstances and secures the buyer's exclusivity period.
- All transactions are subject to Maldivian government regulations and approval.
- Legal counsel specialized in Maldivian property law is strongly recommended.
- The timeline of 45–60 days is typical but may vary based on regulatory requirements.
Ready to Begin the Process?
Contact our team for personalized guidance on acquiring resort island properties in the Maldives.