Expert Guidance from MyCrown Estates

Navigating the Monaco real estate market can be complex, but we are here to assist you every step of the way. Whether you're buying or selling or renting a property, we provide expert guidance to streamline the process and ensure a seamless transaction.

Buying a Property in Monaco

As a real estate agency, we offer our own exclusive selection of properties, but we also have access to all listings from other agencies in Monaco, including both public and off-market properties. This ensures you have the widest range of options. The first step in acquiring property in Monaco is to submit a written offer specifying your proposed price. To secure the offer, a 10% deposit of the purchase price must be placed in escrow at the notary's office. If the seller declines the offer, the deposit is fully refundable.

Required Documents for Property Purchase

Please note that the documents below are generally required when buying/selling a property. However, depending on your specific situation or the nature of the transaction, additional documents may be requested.

For Individual Buyers:

• Valid identity documents
• Proof of current address
• Marital status; if divorced, a copy of the divorce decree

For Corporate Buyers:

• Articles of association, signed by the managing director and certified as up-to-date
• For a Monegasque company: a copy of the RCI (dated within the last 3 months)
• For a foreign company: copies of all incorporation documents
• List of beneficial owners (any shareholder holding 25% or more of the company’s shares)

Acquisition Costs in Monaco

• Notary Fees: 1.5% of the purchase price (+1% of the loan amount if financing is involved)
• Registration Fees: 4.75% of the purchase price
• Agency Fees: 3% of the purchase price + VAT (20%) 

Selling a Property in Monaco

Unlike many other countries, signing a sales mandate is not mandatory in Monaco. However, we highly recommend an exclusive mandate, as it increases the visibility of your property, optimizes marketing efforts, and enhances the chances of a successful sale. To list a property for sale, you simply need to authorize a licensed real estate agency to include it in its portfolio.

Required Documents for Property Sale

Please note that the documents below are generally required when buying/selling a property. However, depending on your specific situation or the nature of the transaction, additional documents may be requested.

For Individual Sellers:

• Valid ID and proof of residence
• Marital status; if divorced, a copy of the divorce decree
• Certificate of ownership

For Corporate Sellers:

• Articles of association, signed by the managing director and certified as up-to-date
• For a Monegasque company: a copy of the RCI (dated within the last 3 months)
• For a foreign company: copies of all incorporation documents
• List of beneficial owners (any shareholder holding 25% or more of the company’s shares)

Additional Seller Requirements

• Latest building service charge statements
• Last three general assembly reports
• A certified floor plan of the apartment, drawn up by a Monaco-based surveyor

Seller’s Costs in Monaco

• Agency fees: 5% of the sale price + VAT (20 %)

Expert Valuations That Maximise Your Asset

Whether you own a luxury penthouse, a waterfront villa, or a charming apartment in Monaco, our team offers precise and strategic valuations to help you make informed decisions. Leveraging real-time market intelligence, in-depth local expertise, and the latest property trends, we ensure your asset is accurately appraised to reflect its true market value.

Our goal is to maximise your investment potential, whether you are looking to sell, rent, or simply understand the worth of your property in today’s dynamic market. With our discreet and professional approach, you can trust us to provide a comprehensive valuation service tailored to your unique property.

Renting a Property in Monaco

As a real estate agency, we offer our own exclusive selection of properties, but we also have access to all listings from other agencies in Monaco, including both public and off-market properties. This ensures you have the widest range of options to find the perfect rental.

Rental Costs in Monaco

• Agency fees: 10% of the annual rent + VAT (20 %) 

Payment Structure

1st Payment – Upon Signing the Rental Agreement:

• Security deposit: Equivalent to three months' rent plus charges
• Agency commission

2nd Payment – Prior to Moving In:

• Three months’ rent plus charges
• Tax registration fees: 1% of the annual rent plus charges, per year of lease, plus stamp fees
• Bailiff’s fees for the initial inventory of fixtures: Between €700 and €1,000
• Lease drafting fee: €680 + 20% VAT - Official rates of the Monegasque Real Estate Chamber

Real Estate Management in Monaco

If you own a property in Monaco and are looking to rent it out, our dedicated management team is here to assist you. We provide a full-service property management solution, handling everything from rent evaluation and tenant selection to property maintenance and legal formalities. Our goal is to ensure seamless management while maximizing the value of your investment.

Our Property Management Services Include:

• Rental Pricing & Market Assessment – Determining the optimal rental value.
• Tenant Selection & Lease Management – Finding suitable tenants and drafting lease agreements.
• Rent Collection & Payment Follow-ups – Issuing rent receipts and handling overdue payments.
• Annual Rent Indexation – Ensuring rent adjustments in compliance with regulations.
• Property Maintenance & Repairs – Coordinating work, obtaining quotes, and overseeing site progress.
• Move-In & Move-Out Inspections – Conducting detailed entry and exit inventories.
• Tenant Exit Management – Overseeing any necessary restorations before re-letting.
• Representation at Co-Ownership Meetings – Attending on your behalf and handling related expenses.
• Regulatory Compliance – Ensuring adherence to AMSF KYC obligations.

Let us handle the complexities of property management while you enjoy the benefits of stress-free ownership.