Renting a property in monaco
Renting a property in Monaco offers the perfect opportunity to enjoy the lifestyle of the Principality without the commitment of a purchase. At Groupe SMIR, we simplify the rental process and provide professional assistance at every step.
Our Rental Process
1. Property Selection
We assist you in finding a property that perfectly matches your preferences, budget, and lifestyle. Whether you’re seeking a luxury apartment, a family-friendly villa, or a prime commercial space, our extensive portfolio has something for everyone.
2. Documentation & Tenancy Agreement
Once you’ve selected a property, our team helps you prepare the necessary documents and finalize the tenancy agreement. This ensures a transparent and legally compliant rental process.
3. Administrative Support
We handle essential administrative formalities, including:
- Insurance setup: Assistance with obtaining the required renter’s insurance.
- Utility contracts: Coordination of electricity, water, gas, internet, and telephone services.
- Residency support: Guidance for those requiring residency permits.
- Other services: Help with school registrations, vehicle registrations, and staff hiring if needed.
Rental Costs and Terms
Understanding the costs and terms involved in renting is key to a smooth experience:
- Security Deposit: Typically, three months’ rent.
- Rent Payments: Billed quarterly in advance.
- Registration Fees: Calculated as 1% of the annual rent plus charges.
- Agency Fees: Equivalent to 10% of the first year’s rent, plus VAT.
- Lease Duration: Minimum term is one year, ensuring stability for tenants and landlords.
Required Documents
To ensure a seamless rental process, tenants must provide:
- Valid ID: Passport or national identity card.
- Proof of Residence: Recent utility bill or other valid proof.
- Bank Details: Proof of a Monaco-based bank account.
- Income Verification: Demonstration of financial stability.
Official Rates
| OPERATIONS | LESSOR | TENANT |
|---|---|---|
| TRANSFER OF ANY LEASE OR PARTIAL LEASE RIGHTS | 6% | 3% |
| MANAGEMENT OF BUSINESS ASSETS AND INDUSTRY (for the duration of management - maximum 3 years) | 5% | 5% |
| RENTAL OF UNFURNISHED OR FURNISHED PROPERTY | ||
| - Unfurnished for one year | 10% | 10% |
| - Furnished for the duration of the lease | 10% | 10% |
| - Commercial and industrial for one year | 10% | 10% |
Why Rent with Groupe SMIR?
Choosing Groupe SMIR means benefiting from:
- Extensive Property Portfolio: Access to some of the most sought-after rental properties in Monaco.
- Personalized Service: Tailored assistance to meet your specific requirements.
- Professional Expertise: A team dedicated to ensuring every aspect of your rental experience is seamless and stress-free.