Renting a Property in Monaco

Nestled in the heart of the French Riviera, Monaco embodies a unique lifestyle combining refinement, security, and exclusive privileges. Renting an apartment in Monaco requires a solid understanding of the Monegasque real estate market, as well as professional support. PIRAS IMMOBILIER, an expert in property rentals in Monaco, guides you through every step to ensure a smooth and stress-free relocation.

1. Finding the Ideal Property & Defining Your Budget

The first step is to identify the property to rent in Monaco that best suits your needs and lifestyle. Most rental properties are offered unfurnished. Working with an experienced real estate agency is essential to access the best opportunities on the market.

PIRAS IMMOBILIER, specialized in the rental and management of all types of properties, supports you throughout your search and installation. Rental prices in the Principality of Monaco are among the highest in the world, making precise budget planning essential. Property owners require strong guarantees:

-Proof of sufficient income
-Bank guarantee letter or blocked bank guarantee
-Security deposit equivalent to several months’ rent, intended to cover potential repairs

2. Required Documents for Renting

Once the property has been selected, several documents are required to finalize your rental application in Monaco: copy of passport, proof of previous address, professional references, proof of income, and a bank certificate. These documents are essential to validate your application and demonstrate your financial solvency to the landlord. PIRAS IMMOBILIER assists you in preparing and validating your file to maximize your chances of securing the desired property.

3. Signing the Rental Commitment and Lease Agreement

A rental offer, acting as a preliminary agreement, is signed by the tenant and submitted to the owner for approval. To reserve the apartment, the future tenant pays the security deposit before signing the lease once approved by the owner. In the Principality, rental contracts are governed by Monegasque law. The real estate agency prepares the lease between the owner and the tenant, specifying:

-Lease duration (minimum of 1 year for a primary residence)
-Rent amount and service charges
-Payment terms (quarterly and paid in advance to the real estate agency’s account)

4. Security Deposit and Agency Fees

When renting an apartment in Monaco, additional costs must be anticipated:

-Security deposit: usually equivalent to 3 months’ rent, refundable subject to a satisfactory inspection.
-Agency fees: 10% excl. VAT of the annual rent, in accordance with the Monaco Real Estate Chamber regulations.

Renting a property in Monaco requires a thorough understanding of Monegasque legal regulations, local rental practices, and the specific requirements of the Principality’s market. In such a selective rental market, professional guidance is essential to secure your project and ensure a smooth relocation.

PIRAS IMMOBILIER, a recognized specialist in apartment rentals in Monaco, offers personalized support at every stage: property search, budget analysis, preparation of the rental file, negotiation of terms, lease signing, administrative registration, and assistance with the Monaco residency application. Our in-depth knowledge of the Monegasque real estate market allows us to provide access to the best rental opportunities, including exclusive properties.

Whether you are looking to rent an apartment in Monaco, a primary residence, a pied-à-terre, or a family home, we select properties tailored to your lifestyle and expectations. Thanks to our expertise and network, we help you rent quickly and securely, under the best conditions.Contact PIRAS IMMOBILIER for your property rental project in Monaco and enjoy an exceptional lifestyle with the assurance of a professional, discreet, and fully controlled service.