There are several advantages to using an estate agency to let your property. The agency is responsible for finding and selecting the tenant, promoting the property, and drawing up the lease in accordance with the law. It also thoroughly checks the identity and solvency of each prospective tenant, giving the landlord extra peace of mind. In addition, an agency such as Paris‑Housing has access to a vast network of international and corporate clients, offering a level of visibility that individuals could not achieve on their own.
Both solutions have advantages and disadvantages for landlords. Here are the main differences to help you decide:
Furnished rental
Higher return: there is strong demand for luxury furnished flats, from expatriate executives to students at prestigious universities and international civil servants. Furnished properties rent for an average of 10-20% more.
A flexible solution: if you need clarification on how long you want to rent, let us offer short-term contracts with a minimum 3-month civil code lease.
Tax advantages: rental income is treated as industrial and commercial profits (BIC), giving you a choice between the flat-rate tax system, with a 50% allowance on income, and the ‘actual' tax system, under which all expenses are deducted, and the property is depreciated, which can often considerably reduce or even cancel taxation.
Unfurnished rental
Regular income: offering financial stability, unfurnished rentals guarantees regular incomes with a minimum three-year lease for individuals and six years if the landlord is a company.
Maximum occupancy rate: lower rental vacancy, marketing costs are quickly amortised.
Lower maintenance costs: with less maintenance and equipment replacement, unfurnished rental means lower refurbishment costs between lettings.
Furnished and equipped accommodation offers undeniable advantages for the landlord:
- Find new tenants more quickly.
- Respectful and stable tenants.
- Higher rental profitability.
Decoration
First impressions are crucial, especially for furnished rentals, where the selection of a rental property is often based on photos. Decoration play a crucial role in the choice of tenants. Careful decoration and a selection of modern furniture that appeals to a wide audience can significantly broaden the pool of potential tenants.
Facilities
The flat should offer a welcoming and functional environment, including essential daily facilities. Choosing quality fixtures, fittings, and furniture helps to reduce maintenance costs and the need to replace them frequently. For electrical appliances, we recommend choosing products with a 5-year after-sales guarantee.
Furnishings
As soon as they move in, tenants should find everything they need for everyday comfort.
In addition to the list of compulsory furnishings available on service-public.fr, we have compiled a comprehensive list of equipment to help you optimise the furnishings and fittings in your property.
To prepare your property for rent, it is essential to follow several key steps.
Cleaning and Depersonalizing: clean the property thoroughly and remove all personal items. This allows potential tenants to better visualize themselves living in the space during visits.
Making Necessary Repairs: ensure that anything damaged or worn is repaired to guarantee the proper functioning of all installations. Install low-cost fixtures and light fittings to avoid having exposed sockets and bulbs that can devalue the property. Fill in all screw holes and remove curtain rods.
Painting: if necessary, apply a fresh coat of paint in neutral colors. This gives the property a clean and new appearance.
Checking Essential Equipment: ensure that all essential installations are working correctly, such as heating, the operation of doors and windows, and household appliances.
Organizing the Space Functionally: arrange the spaces to avoid clutter, making it easier for tenants to envision their future life in the property.
For furnished lets:
- As the tenant's principal residence (Alur Law lease), the rental period is one year, renewable.
- As the tenant's secondary residence or for a company lease (Civil Code lease), the rental period is at least three months, extendable.
For unfurnished tenancies:
- As the tenant's principal residence (Alur Law lease), the rental period is three years for an individual lessor and six years for a corporate lessor, both renewable.
- As the tenant's secondary residence or for a company lease (Civil Code lease), the rental period is at least twelve months, extendable or renewable.
