Rental Guide

Our advice for renting your future property in Monaco

Rent: everything you need to know about renting real estate in Monaco

The Principality of Monaco is a prestigious city known for its casino, its marina, the beauty of its neighborhoods such as Fontvieille which is the business district, with many offices, located in the western part of the principality, but also La Rousse, which is a residential area overlooking the sea of Larvotto. But it is best known for its exceptional real estate. It consists of large towers in residence offering many luxury apartments. You can find a 4-room apartment for rent in Monaco as well as a studio or a 2-room apartment. A residence in Monaco often has balconies with sea view, concierge, swimming pool or gym, green spaces.

Our agency Petrini Exclusive Real Estate Monaco, renowned in the Monegascan real estate sector for more than thirty years, offers its clients experience and in-depth knowledge of the market on sale and rental. The real estate market is constantly changing and prices too. The reasons are simple, above all, safety, health system and education for your children. At the heart of Europe, the state of Monaco offers undeniable assets. Are you looking for an apartment to rent in Monaco ? Our agency, specialist in the monaco real estate for rent will accompany you throughout the stages until the realization of your project. With us, you will find apartments that meet your expectations. We will now start by guiding you and bringing you more information and details for your rental procedures to facilitate them as much as possible.

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The rental process in Monaco must follow several steps:

Monaco with an area of 2km2 offers a diversity of properties for sale and rent and for all tastes! Are you looking for a particular type of apartment? A studio with an equipped kitchen, upstairs overlooking the city or conversely a 3-room apartment for rent in Monaco with a large bright living room, a bedroom, an office space, a bathroom with a balcony overlooking the sea? no worries, Our real estate agency will make every effort to find an apartment that suits you. We have a wide choice of apartments! If they are not available on our website, please note that as a member of the Monegasque Real Estate Chamber (C.I.M) we have full access to all the apartments available on the market. We can thus centralize all your research and contact for you the various intermediaries to help you in the success of your project.

 Namely, all apartments in Monaco are within luxury type residences, that is to say that they consist of a high quality in terms of construction and equipment. Once we have found you the property that suits you, a few steps are to follow.

In general, you will need to provide the following documents:

  • A valid ID or passport
  • Proof of address
  • A bank guarantee
  • A deposit cheque or deposit transfer

 

Signing a lease agreement

The signing of a rental agreement corresponds to the commitment between the owner and the tenant on document outlining the important points that will be included in the lease. 

Here is a summary of the current financial costs in the Principality of Monaco for renting a property:

  • Security deposit: 3 months' rent + 3 months' rental charges
  • Agency fees: which amount to 10% HT of the annual rent
  • Registration fees : rate of 1% on the amount of rent and charges corresponding to the entire rental period
  • Administrative costs

 

The lessor accepts the terms of the contract:

If this rental commitment is accepted and signed by the lessor, you are then legally bound. Then, you will have to sign the rental agreement.

Once this is done and both parties in agreement, that of the lessor and the future tenant, we can proceed to the Signature of the rental contract.

 

Signature of the rental or lease agreement:

It is the real estate contract concluded between the owner and the tenant, it sets and inventories in detail all the rules that will govern your rental.

Once it is signed, a final step is required before being able to settle in the property: it is the inventory.

 

Inventory of fixtures of entry:

The inventory is a use made when handing over the keys, it describes the state of the accommodation, its parts and equipment. At the end of the lease, a second inventory will be carried out. This can be executed by a commissioner of justice or by our agency.  

 

Management of the follow-up of the rental:

And here we are! You finally have your apartment, now, all you have to do is settle there and visit this beautiful city and its different districts that compose it such as that of Fontvielle, that of the port or the district La Rousse as mentioned above. Of course, you can count on us. We will be your interlocutors from the beginning to the end of your rental in order to facilitate it at best. If necessary in relation to the rented property, we will put you in touch with many service providers. For more information or details concerning rental management do not hesitate to contact us.

We have a great selection of 2 rooms for rent . For more information or details about rental management do not hesitate to contact our agency Petrini Exclusive Real Estate Monaco.

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