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