The National Union of Real Estate Owners (Unpi) seizes the opportunity of the appointment of the new Minister of Housing, Vincent Jeanbrun, to call, this Monday, October 13, for the creation of a “true status of lessor private”. A status, particularly fiscal, expected “longstanding” to try to restart a rental investment “victim of chronic regulatory and fiscal mistreatment and a lack of societal recognition”, tackles the Unpi. While the association and several professional real estate organizations, such as Fnaim, Unis, FPI and FFB, have been demanding this status for 10 years, they were on the verge of obtaining it in the finance bill (PLF) for 2026 written by former Prime Minister François Bayrou.
Former Minister of Housing Valérie Létard had in fact obtained the inclusion, in the PLF 2026, of an article creating this status of the private landlord, on the basis of the report given to her by senator Marc-Philippe Daubresse and deputy Mickaël Cosson, last June. Report which mainly proposed that, for any rental investment made from December 1, 2025, and intended for long-term bare rental, its owner could deduct from his rental income, each year for 20 years, 5% of the value of the property in the case of new housing, following the principle of depreciation, and 4% for old housing, provided, in this second case, that work representing 15% of the purchase price is carried out.
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A government amendment, the only solution for the status of the lessor
Weary! According to consistent sources, this project to create a private lessor status would no longer appear in the version of the PLF 2026 that the new Prime Minister Sébastien Lecornu will present to the Council of Ministers this Tuesday October 14. Matignon did not respond to the request for Capital at the time these lines are published. Sébastien Lecornu’s entourage, however, recalls that the Prime Minister admitted on several occasions that the initial PLF would not be “Perfect” but that it would evolve over the course of the parliamentary debate. For its part, the Ministry of the Economy “does not confirm anything at this stage”.However, it would be Bercy which would have obtained, after the fall of the Bayrou government, and in the context of very degraded public finances, that the creation of the status of private lessor was no longer on the menu of the PLF 2026.
However, all would not be lost, the status of the private lessor could still see the light of day in the 2026 budget, thanks toan amendment that would be carried by the government during the parliamentary debate on the PLF, explain two of the sources. “Technically, the Prime Minister cannot change the copy of the PLF which he submitted to the Council of State and the High Council of Public Finances. A government amendment will therefore be required to put back the project to create the status of the private lessor in the PLF, during the budgetary discussion. The government amendment is the only solution because, as there is no longer any reference to the status of the private landlord in the budget, it is not possible to table a parliamentary amendment on this subject.explains one of the sources.
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Reduced accounting depreciation?
We still need to convince the government to table such an amendment. And what will be its content?, worries one of the sources, fearing a minimum text, which could limit the accounting depreciation of the property to investment in new housing, in excluding old goods. And lower this depreciation from 5% to 2%, for example. A division by more than two which does not seem to be excluded, according to this source.
This gives rise to another concern, relating to the conformity of certain points of the project to create the status of private landlord with the Constitution. As this project no longer appears in the PLF, it could not be examined by the Council of State, “without the opinion of the Council of State, it could be fragile»says the source.
