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 if the commercial, industrial or art craft activity has been held for at least three consecutive years) and, in the absence of specific provision, (ii) the provisions of the Civil Code (art 1548 and seq.).

Duration

Duration of the lease if left to the agreement of the parties; being noted that commercial lease agreements will typically have durations of three, six or nine years.

The legal notice period provided by the Civil Code to terminate a lease agreement is of 3 months before its term, but the parties may agree on a longer notice period.