Caroline Olds Real Estate
Caroline Olds Monaco Rental Guide

Procedural Advice To Our Clients - Rental Guide

How to rent an apartment in Monaco

With every rental request, we conduct a thorough market search, including own our listings and search relentlessly until we have found the perfect apartment for you.

Once we find the perfect match and your apartment is found, we prepare a rental offer for the apartment, with the terms of the rental as follows:

Duration of the lease: Usually between 1 to 3 years
Monthly rental: As agreed/proposed
Monthly service charges: As agreed/proposed (max. 10% of the monthly rent)
Payment terms: Quarterly in advance
Rental deposit: 3-4 months rental value
Service charges deposit: 3-4 months service charge value
Lease registration fee: 1% of the annual rental plus service charges
Administrative stamps:  Approx. 10€
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 

Required upon signature of the rental offer: rental and service charge deposit as well as the agency fees.

Required before signature of the lease: 3-4 months rent and 3-4 months service charges paid in advance, lease registration fee, administrative stamps, inventory cost (if bailiff is required, the costs are covered either by the tenant or shared with the owner).

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

Once a rental offer has been accepted, we will arrange to have the utilities connected and transferred, insurance processed, register the lease and arrange for a schedule of condition to be carried out and the handover of the keys. 

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

Caroline Olds

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