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Management & Occupancy

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The Principality’s combination of economic success, tourism, high-end clientele and attractive tax system encourages high-potential businesses and professionals to set up there, which means property rental yields are high.

Our team assists landlords and tenants when negotiating, drafting or transferring any type of lease, particularly those required for setting up and developing a business or professional activity.

Thanks to our long-standing experience in this area, we are able to assess our client's needs and advise them on possible solutions, including alternatives to commercial leases when necessary.

We also provide advisory and negotiating services for clients who are leasing and occupying public land.

Our lawyers regularly assist landlords, tenants and real estate agencies with any disputes relating to the performance or termination of a lease, including rent increases and eviction compensation.


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15/02/2024
Retail lease agreements in Monaco - Overview
Applicable law Leases for premises in which a commercial, industrial or a craft industry is carried out are regulated by (i) the mandatory provisions of the Law n°490 of 24th November 1948 (applicable...
15/12/2023
Leasing Business Assets under Leasing Management
The conclusion of a business leas­ing-man­age­ment agreement ("gérance libre" in the Principality, under the terms of law n°546 of June 26, 1951) offers many benefits to the lessor. He can entrust the...
22/11/2023
Unlawful occupation & acquisition through adverse possession
In the Principality of Monaco, as elsewhere, ownership of properties with terraces or gardens is particularly valued. Access to terraces and gardens, whether they are part of a private or a common area...
02/11/2023
Undivided assets - how to avoid deadlock?
Joint ownership of property is common in case of joint inheritance and can be a source of numerous problems for the co-di­visors.   As the Monegasque Civil Code doesn’t provide any clear solutions and...
21/09/2023
Tax Reform on Real Estate Transfers
As the explanatory memorandum to Bill no. 1048 points out, "contrary to popular opinion, taxation is the main source of income of the Monegasque State Budget". And yet, when it comes to increasing a State's...
10/10/2022
Improving the management of commercial or residential rental properties
Managing a commercial or residential rental property can sometimes create difficulties when it comes to ensuring a certain level of financial profitability for its owner, particularly in the case of unpaid...
23/09/2022
New reform of co-ownership
The autumn of 2022 will not be the quietest period for Monegasque co-ownerships and their syndicates. Law no. 1.531 of 29 July 2022 made substantial changes to the provisions of Law no. 1.329 of 8 January...
15/06/2022
The binding nature of an offer to buy or sell real estate
Offers to buy or sell real estate are documents that are often hastily drafted by those involved in property transactions, whether they are acting as agents or making the offer themselves, in order to...
25/06/2018
Real estate agents
Monaco’s Court of First Instance recently ruled on the importance of establishing a legal framework for the relationship between real estate agents and their clients. Here are the main outcomes of the...
11/12/2017
The new accessibility standards for disabled people are applicable to any...
Further to the adoption on December 2nd 2014 of Act n° 1.1410 on « the protection, autonomy and promotion of the rights and freedoms of disabled people », the National Council, by Law n° 1.441 of...
29/11/2017
Business-leasing management
By judgment dated 16th October 2017, the Monaco Court of Revision has recognized the mixt nature of the business-leasing management agreement : whereas it necessarily has a commercial nature for the manager...
26/07/2017
Right of pre-emption of the State on the buildings built or completed before...
Following a judicial debate conducted by CMS Pasquier-Ciulla & Marquet, the State’s highest civil jurisdiction, the Cour de Révision, issued a judgment on February 14, 2017 (publication in Official...