FLATS UNDER LAW 887
Apartments under law 887
In the case of the purchase of an apartment under law 887, the apartment can only be rented with a lease of a minimum period of six years exclusively terminable by the tenant. In addition, the tenant must meet one of the following criteria:
- A tenant of Monegasque nationality
- A tenant domiciled in Monaco for more than five years and exercising a professional activity there for more than six months.
- A tenant who has been working for more than five years
The amount of the rent is not regulated and can be freely defined in the lease between the owner and the tenant.
For further information, please contact MONACO PROPERTIES :
Tel. +377 97 97 33 97
Whatsapp : +33 6 40 62 65 76
Email : info@mpmonaco.com
