To obtain the status of LMNP all you need to do is: all you need to do is buy a new property in a serviced residential area and rent it to a managing company on a commercial lease for a period of between 9 and 12 years. This company is responsible for renting the property: finding a tenant and paying you the rent.
The range of properties that qualify for LMNP status is wide and includes:
|Type of residence||For who||Potential|
|Tourist residence||Designed to accommodate holidaymakers all year round or on a seasonal basis. The latter may offer additional services such as cleaning or even catering.||As France is a popular tourist destination, there is therefore a real potential for this type of accommodation. However, a study should be done beforehand in order to target areas of economic activity.|
|Business residence||Usually located in business areas, they are designed to accommodate business travellers. The difference with a hotel is that the accommodation is fully equipped and independent.||Since 2008, demand for this type of housing has been growing in major cities.|
|Student residence||They are intended exclusively for students and are usually located close to faculties and public transport.||There is a real shortage of student accommodation at the moment, which represents a great opportunity for the sector. The acquisition of these properties is facilitated by a lower purchase price due to the smaller area proposed.|
|Senior residence||It welcomes the ageing population who need support to make their daily lives easier.||The ageing of the population and the increasing life expectancy make this sector attractive.|
|Accommodation for elderly dependents||These establishments are designed for seniors with special medical needs who require ongoing assistance with daily living.||In the coming decades, the number of people at risk will increase. This is due to the ageing of the baby boomers.|