Property

Monaco — Property: Rental Market

The rental market in Monaco is highly competitive, driven by individuals seeking to establish legal residency, as holding a registered lease of at least one year is a fundamental prerequisite for the Monégasque resident's card. Because land is severely constrained, rental prices per square meter are among the highest in the world. Tenancy agreements are regulated by civil code procedures, but landlords retain high flexibility regarding market-rate pricing. To protect tenants and formalize residency applications, all lease agreements must be officially registered with the Department of Tax Services within three months of execution.

Gouvernement de Monaco - Direction des Services Fiscaux · Last verified 2026-07-17

Key Facts

  • A registered lease of at least 12 months is mandatory to apply for Monaco residency.
  • Leases must be registered with the Tax Services to be legally valid for immigration purposes.
  • A registration duty of 1% of the annual rent plus service charges is payable upon lease execution.
  • The 1% lease registration tax is legally the sole responsibility of the tenant.
  • A standard security deposit equivalent to three months of rent is typically required upfront.
  • Agency commissions for rentals are standard at 10% of the first year's rent, plus 20% VAT, paid by the tenant.
  • Rent reviews are typically indexed annually to the French consumer price index (INSEE) equivalent.

Related Topics

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