Maximize your income during the Olympics by renting your apartment with LMNP status

You can organize the rental of your main residence for the 2024 Olympics by choosing between two tax regimes: micro-BIC or real. (photo credit: Shutterstock)

More than one in five Parisians want to rent their home during the Olympics. With prices announced at 500 euros per night, the Olympic Games can bring them big. It is possible to rent your main residence for up to 120 days per year, while benefiting from a privileged tax regime: the status of non-professional furnished rental company (LMNP). What are the rules? How to get the most out of the Olympics?


  • How much could the Olympics bring in for Parisian owners?

  • What is the legislation for renting your accommodation during the Olympics?

  • How to rent your Parisian accommodation during the 2024 Olympic Games?

  • The advantages of non-professional furnished rental status

How much could the Olympics bring in for Parisian owners?

More than half a million visitors are expected in Paris during the Olympic and Paralympic Games. The expected impact for the French economy amounts to one billion euros. This includes income from Airbnb hosts. Enough to give ideas. In inner Paris, the price of the night could explode. According to the study “Economic and social contributions of Airbnb in France during the Paris 2024 Olympic and Paralympic Games”, carried out by Deloitte in April 2023, Ile-de-France owners could generate 2,000 euros in additional income during the Olympics. This represents a total amount of 257 million euros, on Airbnb alone.

What is the legislation for renting your accommodation during the Olympics?

Since the ELAN law (Evolution of Housing, Development and Digital) of 2018, the rental of your main residence is limited to 120 days per year. Beyond that, it must be reclassified as furnished tourist accommodation. Tenants can also rent their main residence, after obtaining written permission from their lessor.

These 120 days apply to short-term rentals (nightly, weekly or monthly). In addition, a short-term rental must be equal to a maximum of 90 consecutive days. Beyond that, it is no longer considered a furnished seasonal rental. You must then declare the change of use of your accommodation. Article L. 651-2 of the Construction and Housing Code provides for a fine of 50,000 euros and a penalty of a minimum of 1,000 euros per day for fraudulent owners. As for tenants, they face a fine of 25,000 euros in the event of illegal subletting.

To note

The limit of 120 days per year does not apply if you rent a room in the apartment or house where you live.

How to rent your Parisian accommodation during the 2024 Olympic Games?

Before renting your property during the Olympic Games, you will need to complete a Cerfa form n°14004*04. You send it to the town hall to which your furnished accommodation is attached. In addition, you will have to declare your furnished rental activity to the National Institute of Industrial Property (INPI). Thus, you obtain your Siret number, i.e. the registration of your activity as a non-professional furnished rental company (LMNP).

The advantages of non-professional furnished rental status

The LMNP status is a tax regime giving right to tax advantages for lessors of furnished rentals. In LMNP, you benefit from a tax reduction, VAT recovery and simplified rental management. For your taxation, two options are available to you. You choose the most favorable between:

  • declare your rental income as industrial and commercial profits (BIC),

  • declare your property income under the real regime.


micro-BIC diet

allows you to benefit from a flat rate reduction of 50% on your rental income. The reduction can go up to 71% for a furnished tourist rental. To be eligible for the micro-BIC regime, you must have annual rental income of less than 23,000 euros for all the members of your tax household. This plan is interesting because you only need to declare your income on your tax return. The tax administration automatically calculates your tax. However, the micro-BIC is especially interesting if your expenses represent less than 50% (or 71%) of your revenue. Failing this, it is preferable to declare your income under the real regime.


real regime

allows you to deduct your housing-related charges and expenses from your taxes. For example, before taxation, you deduct:

  • co-ownership charges,

  • work costs,

  • the costs of purchasing movable property,

  • your loan interest,

  • acquisition costs,

  • property tax,

  • insurance contributions.

Owners with high income taxes often have an interest in choosing the real regime. It helps to lower their taxes. However, the simplicity of the micro-BIC diet brings its share of facilities. It avoids making mistakes when declaring your income and having to calculate your various charges and expenses.

The list of so-called “tense” zones is growing

To note:

A simulator put online by the site allows you to find out if your home is in a tense area.

Some cities have implemented measures to limit short-term rentals. Short-term rental quotas are established, by neighborhood. Seasonal authorizations are granted for a period of 3 years and limited to one per family.

A decree of August 25, 2023 expands the list of municipalities said to be in “tense” zones. 2,000 new municipalities are affected. Until now, the list brought together municipalities with more than 50,000 inhabitants, where the lack of rental properties leads to difficulties in finding housing. For owners, this takes the form of rent control. Any increases can no longer exceed the rent reference index (IRL), revalued to 3.5% in the second half of 2023. In addition, municipalities can apply a surcharge on vacant housing and second homes.

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