Settling in Monaco 

Settling in Monaco can be difficult, especially for foreign residents. Our agency will support you in all technical and administrative way.

When visiting an apartment, our brokers will explain all subtleties and all mandatory administrative steps to obtain the residence permit.

The first steps

The first step is to find the right apartment. B&C Monaco Properties can propose a large range of apartments for rent managed by our office but also properties offered by other real estate agencies in Monaco for you to have only one interlocutor. Real estate agencies are a lot in the Principality, and it can be complicated to find our way among all the propositions.

Once we have found a suitable property, we prepare a rental offer as follows:

Duration of the lease

Usually between 1 to 3 years

Monthly rental

As agreed/proposed

Monthly service charges

As agreed/proposed (maximum 10% of the monthly rent)

Payment terms

Quarterly in advance

Rental deposit

3 to 4 months of rental value

Lease registration fee

1% of the annual rental plus service charges

Administrative stamps

Approx. 30€

Inventory

Between 400€ and 2.000€

Agency Fees

10% of the first annual rental plus 20 % VAT

Documents required

Passport or ID card or current Monaco Residency Card Statement from a Monaco bank

The applicant is responsible for the payment of the rental and service charge deposits plus the agency fees, upon signature of the rental offer.

Once the rental offer is accepted, we will help you to subscribe to a multi-risk home insurance, which is mandatory. Our team will also arrange to register the lease and subscribe to the contracts needed (electricity, water, internet, telephone)

Once the lease has been registered (10 working days), it is possible to apply for a residency card.

The terms and conditions for renting an apartment in Monaco are standard and regulated by the Chambre Immobilière de Monaco (Monaco Real Estate Chamber).

 


FOR MORE INFORMATION, CONTACT US

Contact our team for a free consultation on any rental request. 

WhatsApp +33 6 10 12 40 74