Renting A Furnished Apartment In Paris

As you may know from other articles written on the Paris Dream, renting to the tourist market in Paris is not legal without a permit. According to an article in Le Figaro, the city of Paris is moving to enforce these laws. The city is cracking down specifically on those renting through a real estate company (SCI). The penalties for not complying to the law are hefty.

According to the article it is still possible to rent a furnished apartment to the holiday market if you have a permit and the rewards are three fold:

• Increased rent (up to 10% higher rent than an unfinished Paris apartment)
• Reduced taxes (compared to unfurnished)
• Easier removal of tenants again compared to unfurnished, however the law still favours the tenant if it is a primary residence (ie student)

Of course there are downsides as well:

• Possibility (even likelyhood) of having periods of vacancy
• Increase wear and tear on the apartment and furnishings
• Must be sure that the building coop allows for rental

Primary target for furnished flats are:

• Tourists (shortest term)
• Students (usually 9 months)
• Executives on a mission

If you decide to go the furnished short-term rental route be sure to know the regulations and comply with them. You do not want to be subject to heavy fines or worse be stuck with a flat that is draining your finances because you hadn't planned properly.

Read the original article from Le Figaro.