Rental Guide
RENTAL PROCEDURE

DOCUMENTS TO BE PROVIDED BY THE PROSPECTIVE TENANT:

• Completed information sheet
• Copy of a valid identity document
• Proof of address
• Bank details
• Proof of financial resources

SIGNING THE RENTAL OFFER AND RENTAL FEES:

The RENTAL OFFER is a document that is very useful to initiate or advance the negotiation of a property.
This document mentions the terms, price, and conditions that will be included in the lease.

RENTAL FEES represent a breakdown of the amounts to be paid before the start of the lease.

Here is the detail of the usual rental fees in the Principality of Monaco:

• SECURITY DEPOSIT = 3 months of rent + 3 months of charges
• 3 MONTHS ADVANCE RENT (often payable by calendar quarters)
• 3 MONTHS ADVANCE CHARGES (often payable by calendar quarters)
• REGISTRATION FEE 1% of the annual rent amount + annual charges for the initial lease term.
• FILE & STAMP FEES (+/- €50)
• AGENCY FEES 10% of annual rent + VAT (only for the first year).

The offer must be accompanied by a reservation check (deposit) representing the amount of the security deposit and agency fees.

The offer is always subject to the acceptance of the property owner (or their representative).

SIGNING THE RENTAL CONTRACT: THE LEASE

A lease mainly includes the following clauses: identification of the parties, description of the property, start date of the lease, its duration and financial conditions, the security deposit.
The lease contract must be drawn up in writing in three copies, which will be sent to the tax authorities for registration; a registered copy will be given to you for your residence application in the Principality.

INVENTORY OF FIXTURES

An inventory of fixtures will be drawn up when you move into the property, that is, when the keys are handed over.
This document records the condition of the property and its equipment.
At the end of the lease, a new inventory will be drawn up before returning the keys to the owner.
The inventory can be carried out by our agency or by a bailiff.