Flat under Law 887: a guide for owners
2025-04-14
Lease and tenant eligibility
Article 3 provides for a six-year lease, which the tenant alone may terminate annually. The applicant must fall within one of the categories defined in that article. An indexation clause may be included in the lease; this does not allow arbitrary rent increases.
Declarations and preparing your project
Articles 2 and 3 of Sovereign Ordinance No. 4,621 of 29 December 1970 govern the vacancy declaration and the declaration before letting, supported by a tenant eligibility statement. Have the notice, renewal, permitted use and any pre-emption rules checked for your circumstances.
To prepare a valuation, gather the current lease, occupancy information and documents establishing the property’s legal regime. Monaco Properties can review your sale project and the factors to consider in the assessment.
Official sources checked on 13 September 2026 : Law No. 887, Articles 1–3 ; Sovereign Ordinance No. 4,621, Articles 2–3.
