Renting a property in Monaco requires prospective residents to provide a selection of documents to fulfil the requirements set by the authorities. In order to assist those moving to the Principality, and simplify the potentially convoluted process, La Costa Properties Monaco – as the leading real estate agency in Monaco – has compiled this helpful guide.
Most obviously, but most importantly, renting a property in Monaco requires proof of identity. For those already residing in the Principality, the Monaco residency card should be provided, as well as a national passport. For those living outside of Monaco, only a national passport need be shown.
Proof of address
Prospective tenants are also required to provide a proof of address. Whether in Monaco, France or another nation, this is a necessary condition for gaining tenancy in the Principality. A recent utility bill will suffice or a pre-existing tenancy agreement is favourable.
The Renter’s Employment Details
In order to verify a steady income, would-be tenants must demonstrate a proof of employment. Alternatively, renters must demonstrate sufficient funds to cover the rental costs. By providing an employment contract or financial verification, landlords can rest assured that their income is in safe hands.
A banking certificate from a Monaco bank must be provided, as well as full contact details for the bank.
Contact details for the tenant
Full contact details for the prospective renter are required, including a phone number, a postal address and normally an email address, if applicable.
It is imperative for tenants to purchase household insurance, or assurance multi risque habitation, which will cover all manner of mishaps and should be provided when signing the tenancy agreement.
La Costa Properties Monaco has a dedicated team of real estate professionals, who are on hand to assist with your needs. Please contact the team to discuss your requirements. Alternatively, view our extensive range of Monaco properties for sale.
Please note: while La Costa Properties Monaco has endeavoured to ensure that this information is as accurate as possible, please do not consider it to be legal advice.