Sublet your apartment in Paris for the 2024 Olympics

It is necessary to take stock of the legal framework for short-term rentals during the 2024 Olympics. Whether you are a tenant or an owner, a resident of Paris or in the suburbs, it presents the essential steps for a legal and peaceful rental: authorization from the owner, declaration at the town hall, price caps... By following these recommendations, renting your home during the Olympic Games can be very profitable.

Regulations and procedures for legally subletting your apartment during the 2024 Olympics

Subletting an apartment in Paris during the 2024 Olympic Games may seem like a great financial opportunity. However, this practice is strictly regulated by the statute. Here are the main rules to respect in order to legally sublet your accommodation during the Olympics:

Make a Declaration in town hall before renting

Before starting to sublet your apartment, even for a short period of time, it is mandatory to file a declaration at the town hall. This will allow you to obtain a 13-digit registration number to be indicated on all rental ads.

Obtain the written consent of the proprietary

Without written permission from the owner, subletting is considered illegal. It may result in the immediate termination of the lease and the obligation to return the rent received.

Subscribe to appropriate civil liability insurance

Specific insurance for furnished tourist accommodation, covering rental risks and civil liability, is strongly recommended.

Respect the legal limit of 120 rental days per year

For an apartment constituting his main residence, the rental period is limited to 120 days per year, consecutive or not. Each tenant cannot stay there for more than 90 consecutive days.

Do not make excessive profits (ceiling of the price per m2)

The prices charged must remain reasonable and not much exceed the prices of the traditional rental market per m2. Checks may take place.

Respecting all of these rules will allow you to sublet your home peacefully during the 2024 Olympics. We will now see how to set the right price for this temporary subletting.

How to set the right price to sublet your apartment for the 2024 Olympics?

The strong demand for housing generated by the 2024 Olympic Games will lead to a surge in rental prices in Paris and its region. It is therefore essential to set the right price for your subletting.

High demand leads to soaring prices

It is estimated that nearly 10 million tourists are expected for the 2024 Olympics. This massive influx of visitors will create a very strong demand for temporary housing. Result: a general surge in prices is to be expected on all types of rentals.

Examples of prizes multiplied by 3 to 6 during the Olympics

According to a study by the Reassure Me site, the prizes could be multiplied by 5 during the Games. Thus, a night in an apartment in the 12th arrondissement of Paris would cost €1,055, compared to €205 usually.

Adapt your price to the standing of the neighborhood and the apartment

To set your price, it is recommended to use the traditional rental market prices per m2 in your neighborhood. You must also take into account the equipment and the standing of your property. The more comfortable and well-located the accommodation is, the higher the price may be.

📌 Even if your home is not located in a traditionally touristy neighborhood, don't worry! The demand for accommodation during the 2024 Olympics will be so high that you will probably have interested tenants.

Optimizing the rental of your apartment thanks to the 2024 Olympics

The 2024 Olympic Games represent a golden opportunity to rent a property. Here are some tips to optimize this temporary rental and get the most out of it.

Platforms and sites dedicated to subletting for the Olympics

Many sites have specialized in connecting owners and tenants in the specific framework of the 2024 Olympics. We can cite Smart Renting or GuestReady . These platforms simplify procedures and secure transactions.

👉 We strongly recommend that you use rental management agencies. Without their help, you will have to take care of key delivery, cleaning, laundry, and other tasks related to managing your rental. Simplify your life and take advantage of this stress-free opportunity.

Tips to make your property attractive

To attract the best tenants, it is advisable to:

• Refresh the decor and furniture
• Equip your home well (wifi, TV, household linen...)
• Highlight the assets (balcony, Eiffel Tower view...)
• Add popular services (breakfast, cleaning...)

The most sought-after neighborhoods in Paris during the Olympics

The demand will be particular during the Olympics in Paris. Usually, it is the rather chic (15th, 16th, 9th,..) and central districts (1st, 2nd, 3rd) that are the most coveted. The particularity of these Olympics is that a large part of the events will take place in the suburbs and in particular in Seine-Saint-Denis. So expect to see demand spread throughout the Paris metropolitan area, but also everywhere in the suburbs!

Possibility to accommodate several tenants

To increase your income, you can rent several rooms or temporary sofas/mattresses. This solution is popular with young people and small budgets.

Additional services to offer

Some owners offer additional services such as breakfast, daily cleaning, linen/towels or even the airport shuttle. For an additional fee, these services make it possible to optimize income.

By following these recommendations, you are ready to take full advantage of the financial windfall of the 2024 Olympics!

Manage your subletting peacefully before, during and after the Olympics

Once all the procedures have been carried out and the reservations have been confirmed, it remains to manage this temporary subletting calmly. Here are some tips to make sure everything goes as well as possible.

Carefully select your sub-tenants

To avoid unpleasant surprises, it is essential to carefully choose the person or group to whom you rent your property. You can ask for guarantees, recommendations, or opt for selective platforms.

Anticipate potential scams and risks

Some risks exist such as the non-presentation of the tenant, damage or neighborhood disturbances. It is advisable to take out specific insurance and to require a substantial security deposit.

Establishing a subletting contract itemized

A contract specifying all the practical details (duration, price, conditions...) and the obligations of each party will avoid disputes. An entry and exit inventory is also recommended.

D. Alternatives to traditional subletting

Other options such as exchanging an apartment or renting through a specialized agency can secure the transaction. This allows the owner to keep control of the rental process.

By applying these few principles, renting your property during the 2024 Olympics can be an experience that is as profitable as it is pleasant!

Subletting your home for the 2024 Olympics can be very lucrative, provided you respect a strict legal framework: declaration at the town hall, owner's authorization, appropriate insurance... If all the procedures are done correctly, owners can expect to multiply their rental income by 2 to 6. By choosing its tenants wisely, by offering valued services, and by foreseeing risks, this temporary subletting of the Olympic Games will be an experience that is as pleasant as it is profitable. The 2024 Olympics are a bargain not to be missed for Parisian owners!