Management

Promotion Invest has been involved in the rental management of numerous flats in the Principality since its creation in 1987. The agency's priority is to ensure that the owner receives a suitable rental income, to always update this income according to the evolution of the market and the owner's demands, and to always select the next tenant with the utmost care, both for properties in the free and protected sectors. Our service does not stop at these formalities, but continues on many points, including :  

LEGAL 

  • Tenant search (analysis of the financial and property situation);
  • Drafting of all contracts: power of attorney, SMEG and SMEAUX;
  • Establishment and drafting of all inventories of fixtures without the intervention of a third party company (except at the owner's request and only by Monegasque bailiffs);
  • Registration of rental
  • Registration of rental contracts with the Monegasque tax authorities;
  • Representation at general
  • Representation at general meetings and voting according to the instructions received;
  • Claims management without any additional cost for the owner; 
  • Inventory of fixtures and fittings on departure and eventual restoration of the flat;
  • Valuation of the property on request;
  • For apartments under law 1235, drafting of holiday declarations, offer to rent, negotiation of the rent with the housing department, publication in the official gazette etc.

ACCOUNTING

  • Management of rent receipts;
  • Analysis of the statement of charges by the managing agent: calculation of adjustments (provisions on charges / actual charges);
  • Calculation of annual contractual index increases;


The client is fully aware of the actual costs at the time of signing the management mandate, which will be applied without any changes whatsoever. The principle is that the client is fully aware at the time of signing the management mandate of the actual costs that will be applied without any modifications for any reason whatsoever. Therefore, the principle of "good father" management has always been management has always been applied in the agency without disturbing the the owner for any reason but always with his consent.