How to request a "habitation-capitalisation" contract

The "habitation-capitalisation" contract enables you to acquire life tenancy of a State-owned apartment by repaying a loan to the Monegasque State.

A personalised contract is drawn up with the State Property Authority according to your situation.

You should contact the State Property Authority so that it can draw up a personalised "habitation-capitalisation" contract offer, which will include the following information:

• The type of contract
• Its length
• The options regarding its term
• People benefiting from the contract
• The situation of the spouse who is not a title holder
• Events that could affect the contract
• A description of the apartment and the habitable surface area

When the "habitation - capitalisation" contract has been agreed, you must provide the State Property Authority with the following supporting documents:

• A letter indicating your agreement to the creation of a "habitation-capitalisation” contract that states the method of payment (full payment or the amount of the downpayment and loan duration)
• If both spouses are Monegasque nationals, please specify if the contract must be drawn up in the name of "Mr and Ms", "Ms" or "Mr"
• A sworn declaration stating that neither you nor your spouse are owners of a dwelling in the Principality that corresponds to your housing needs
• A sworn declaration certifying that all the information that you are providing to the State Property Authority is correct
• You must provide supporting documents for the people who make up your household who can legally benefit from the contract:
  • An individual or family Civil status certificate
  • A complete copy of their valid ID card (both sides) or passport
  • A certificate of Monegasque nationality
  • If relevant, a certificate of pregnancy

You must also provide proof of income for the people who can legally benefit from the contract:

• A copy of the last twelve payslips
• A declaration of income from securities and movable assets for the previous calendar year, provided by your banking establishment
• Extracts or copies of any existing loan contracts
• Bank or Post Office account details 
• The direct debit authorisation form duly completed
• For traders and company shareholders: a balance sheet and statement of business accounts by activity prepared by a chartered accountant or a certified accountant in the Principality for the last year of operation or trading of the business or company and an additional certificate by activity, established by a chartered accountant, detailing the contributions and withdrawals made personally

Your duly completed application must be sent to the State Property Authority (the address appears below) exclusively by registered letter with acknowledgement of receipt within three months of the date of the offer from the State Property Authority.