The increase in fees for furnished rentals translates concretely into a series of expenses that weigh on profitability. Property tax, co-ownership charges, renewal of furniture, frequent maintenance and management fees form a set of cumulative costs which eat into the expected net return and require landlords to plan their budgets more carefully.
There property tax remains the main increase factor for LMNP owners. Between 2023 and 2024, the cadastral bases were revalued by more than 7%, then again by almost 3.9%, automatically leading to an increase in local tax. For 2026, progression should slow down, but remain positive: expected inflation and the updating of cadastral bases suggest a average increase of between 0.8% and 1%.
Taxation and energy obligations: the effect on profitability
Condominium fees follow a similar trajectory. There rising energy coststhe increase in the cost of maintenance contracts and the work to bring them up to standard have led to fundraising calls up 10 to 20% over two years, according to the trustees.
THE tax adjustments intervened in the 2024 and 2025 finance laws, including the overhaul of the micro-BIC for certain furnished rentals and the evolution of the depreciation framework in LMNP, modified the fiscal balance of furnished accommodation and reduced the leverage effect on yield, including under the real regime. In addition, the obligations linked to energy performance represent a major cost. Housing classified F or G must undergo work to remain rentable.
Specific costs to anticipate
Beyond the traditional charges, the LMNP imposes specific costs. THE renewal of furniture and household appliances represents several thousand euros every five to seven years, a much more sustained rate than for bare rental.
Finally, for goods entrusted to a rental management agencythe fees generally represent between 6% and 10% of rent collectedcontributing, again, to the erosion of net profitability. If LMNP furnished rental retains its advantages, the cumulative increase in costs (taxes, charges, furniture, management and works) significantly reduces net profitability. Previously perceived as very profitable, LMNP rental remains an interesting investment, but requires rigorous management and advance planning of costs.
