MONACO RENTAL GUIDE
Step-by-step guide for real estate rental transactions
MONACO RENTAL GUIDE
The Monaco rental market is a competitive landscape given the high demand for local rents and a limited number of properties available throughout the year.
We offer an extensive portfolio of Monaco property rentals, featuring an exclusive selection of prime real estate, including off-market properties not publicly advertised. If you’re seeking a residence in Carré d’Or, Larvotto, Fontvieille, Monte-Carlo, La Condamine, Port Hercule, La Rousse, Le Jardin Exotique, or Monaco-Ville – we have a number of available properties to choose from.
For each rental request, we conduct a comprehensive market search, seeking the most suitable property until we find the perfect apartment tailored to your needs.
Explore our guide below to see what the rental process looks like and how you can get started.
WHAT TO CONSIDER IN TERMS OF RENTING A PROPERTY IN MONACO
Upon discovering a suitable property, we prepare a rental offer with the following details:
- Lease Duration: Typically 1 to 3 years
- Monthly Rent: As agreed upon/proposed
- Monthly Service Charges: As agreed upon/proposed (usually 10% of the monthly rent)
- Payment Terms: Quarterly payments in advance
- Rental Deposit: Equivalent to 3 to 4 months of rental value
- Service Charges Deposit: Equivalent to 3 to 4 months of service charge value
- Lease Registration Fee: 1% of the annual rental plus service charges
- Administrative Stamps: Approximately €20
- Agency Fees: 10% of the first annual rental plus 20% VAT
ADDITIONAL PAPERWORK NEEDED
- Passport or ID card/current Monaco Residency Card, Statement from a Monaco bank
Upon signing the rental offer, the applicant is responsible for payment of rental and service charge deposits along with agency fees.
BEFORE SIGNING YOUR RENTAL AGREEMENT
Before signing the lease, the second payment includes 3 months rent and 3 months service charges, the lease registration fee, administrative stamps, and inventory costs.
Monaco’s apartment rental terms and conditions adhere to standards set out by the Chambre Immobiliere de Monaco (Monaco Chamber of Real Estate).
WHAT HAPPENS AFTER A RENTAL OFFER IS ACCEPTED
Upon acceptance of a rental offer, we facilitate utility connections, register the lease, conduct a property condition assessment, and oversee the keys handover. Additionally, we arrange mandatory household contents insurance. Once the lease is registered (approximately within 10 working days), residents can then apply for a residency card.
START YOUR PROPERTY SEARCH
You can get in touch with one of our agents for a free consultation to find out more about renting a property in Monaco. We will also be able to assist you with making an informed decision if you are interested in a specific property that is either listed on our website or an external platform. If you still haven’t found the right match, we can look on your behalf and provide off-market properties should they become available to rent.