If the majority of the apartments in the Principality is free of law (s), properties built before September 1, 1947 are, with rare exceptions, subject to one of the following two laws:
|Law 887||Law 1235 amended by the law 1291 & 1377|
|The tenant must be||
|Rent||Free + usual indexation clause||Supervised by the Rent Arbitration Commission|
|Lease term||6 years, cancellable annually according to the sole will of the tenant. The owner has a right of repossession for himself and his family||6 years, cancellable within 3 months by the tenant. The owner has a right of repossession for himself and his family|
|Mandatory rental||No but declaration of vacancy is needed||Yes|
These laws generally generate a discount on the purchase price per sam but negatively impact the rental yield.
Lien : Légimonaco