VISTA Court · Malta · Short-Let Management

Host MT
Management
Agreement

The commercial terms, property scope, and projected revenue framework for the management arrangement between VISTA Court and Host MT.

Effective date
1st April 2026
Owner
VISTA Court
Manager
Host MT
Initial term
12 months · 6-month renewals
Agreement overview
01 · Property scope
What Host MT manages

VISTA Court, Malta. 10 short-let units under management. 4 garages reserved for Owner storage — expressly excluded from this agreement.

Maisonettes
02
Apartments
06
Penthouses
02
Garages (excluded)
04
02 · Fee structure
How Host MT is paid

Guest funds flow directly to VISTA Court. Host MT invoices monthly within 3 business days of month-end. VISTA Court settles within 14 days.

Management fee15% of Net Nightly Revenue per calendar month
Net revenue defined asNightly rate revenue less OTA commissions (20%), VAT, and eco/tourism tax per night
Cleaning feeCharged on top of listing price · retained 100% by Host MT · rate TBD — must be agreed and fixed before first listing
OTA commissions20% of nightly rate · deducted before fee calculation
VATApplicable rate on nightly revenue · deducted before fee calculation
Eco / tourism taxPer-night levy · deducted before fee calculation
Guesty platformBorne by Host MT · not recoverable from Owner
Invoice cycle3 business days after month-end
Payment terms14 days from invoice date
Maintenance authorityUp to €1,000 per incident without prior Owner approval
03 · Revenue projection
Annual forecast · 10 units

Seasonal pricing: winter €50/night (55% occ.) · shoulder €120/night (75%) · summer €175/night midpoint (90%). 20% OTA, 7% VAT applied. Cleaning fee excluded from projection.

VISTA Court keeps
—
After OTA + VAT + Host MT fee
Host MT annual fee
—
15% of net nightly revenue
Gross nightly revenue
—
All 10 units · full year
Gross nightly revenue
—
Less: OTA commissions (20%)
—
Less: VAT (7%)
—
Less: Host MT fee (15% of net)
—
VISTA Court net income
—
04 · Key terms
Agreement summary
ExclusivityHost MT is the exclusive manager · no third-party agents permitted
Guesty accountHeld by Host MT · VISTA Court receives read-only or segregated access
Notice to terminate30 days written notice by either party
On terminationAll credentials returned within 7 days · bookings honoured up to 60 days out
Owner blackout14 days advance written notice required
LiabilityAaron Formosa and Liam Formosa jointly and severally liable
Governing lawLaws of Malta · Maltese courts
05 · Pricing emulator
Model a booking

Adjust the inputs below to model any booking scenario. The breakdown shows exactly what the guest pays, what each party receives, and what Host MT earns in total — fee plus cleaning.

Nightly rate (€)
€175 / night
Nights in booking
7 nights
Cleaning fee — Host MT keeps (€)
€60 — TBD
OTA commission
20% · fixed
VAT on nightly rate (%)
7%
Eco / tourism tax per night (€)
€0 / night
Annual picture — 10 units · seasonal rates