What is non-seasonal furnished rental?
Non-seasonal furnished rental refers to renting a furnished property as the tenant’s primary residence, as opposed to seasonal rental (Airbnb-type) or unfurnished rental. The lease has a minimum duration of one year (9 months for a student), with tacit renewal.
This type of rental is experiencing significant growth in Paris. It combines a higher rent than unfurnished rental (10 to 20% more on average) with advantageous taxation for the owner through the LMNP (Loueur Meuble Non Professionnel, or Non-Professional Furnished Landlord) status.
LMNP status in 2026
The Non-Professional Furnished Landlord status provides access to an attractive tax regime. Under the micro-BIC regime, you benefit from a flat-rate deduction of 50% on your rental income (compared to 30% under micro-foncier for unfurnished rental). Under the actual expenses regime, you can deduct all charges (loan interest, renovation work, insurance, management fees) and depreciate the property and furniture, which considerably reduces, or even eliminates, taxation on rental income.
Note however the legislative changes. The 2025 Finance Act modified the treatment of depreciation upon resale: depreciation previously deducted is now reintegrated into the capital gains calculation. This measure reduces the tax advantage of LMNP under the actual expenses regime for investors who plan to sell in the medium term. In 2026, it is essential to run a full simulation before choosing between micro-BIC and the actual expenses regime.
Landlord obligations for furnished rental in Paris
The property must comply with a precise list of furniture and equipment established by the decree of July 31, 2015: bedding with duvet or blanket, cooking hobs, oven or microwave, refrigerator, dishes, kitchen utensils, table, chairs, lighting, household cleaning equipment. The absence of a single item can reclassify the lease as unfurnished, with the associated tax consequences.
In Paris, furnished rental is subject to rent control. The maximum reference rent for furnished properties is 11 to 13% higher than for an equivalent unfurnished property, depending on the zone. The energy performance rating (DPE) must be at least class E in 2026 (class G properties have been banned from rental since 2025, class F from 2028).
The furnished rental lease for a primary residence requires 3 months’ notice from the landlord (compared to 6 months for unfurnished) and 1 month from the tenant. The security deposit is capped at 2 months’ rent excluding charges.
Comparative profitability in Paris
For a 25 sqm studio in the 10th arrondissement purchased for 200,000 euros, unfurnished rental yields approximately 750 euros/month (controlled rent), giving a gross yield of 4.5%. Furnished rental can reach 850 to 900 euros/month, or 5.1 to 5.4% gross. The gap may seem modest in percentage terms, but LMNP taxation significantly amplifies the net profitability.
For larger units (2-room, 3-room), the rent difference between unfurnished and furnished narrows, and furniture management (replacement, maintenance) weighs more heavily. Furnished rental is therefore particularly well suited for studios and 2-room apartments.
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FAQ
What is the difference between furnished rental and seasonal rental?
Non-seasonal furnished rental is a primary residence lease of at least one year. Seasonal rental (Airbnb) is a short-term rental to transient guests. In Paris, seasonal rental of a secondary residence is limited to 120 days per year and requires authorization with a compensation requirement.
Is LMNP still worthwhile in 2026?
Yes, but with nuances. The 50% micro-BIC deduction remains attractive. The actual expenses regime with depreciation remains powerful for reducing annual taxation, but the reintegration of depreciation at resale changes the calculation for short-horizon investors.
Which arrondissements are best for furnished investment?
The 10th, 11th, 18th, 19th and 20th offer the best gross yields. Central arrondissements (1st to 6th) have high rents but purchase prices that limit profitability. The inner suburbs (Boulogne, Levallois, Neuilly) offer a good compromise.
Can you furnish and rent a property purchased with a PTZ (interest-free loan)?
No. The PTZ requires the property to be your primary residence for a minimum of 6 years. You cannot rent it as furnished during this period except in very limited circumstances (job transfer, divorce).