This represents a new regulatory tightening for investors involved in short-term rentals. The Loi Le Meur reinforces the conditions for marketing furnished tourist properties by expanding the powers of co-owners.
From now on, condominium regulations must explicitly state whether short-term tourist rentals are authorized or prohibited. Before any rental activity begins, each owner is required to inform the property manager (syndic).
Under certain conditions, co-owners may also vote to prohibit seasonal rentals within the building.
Failure to comply with these provisions may expose the investor to a fine of up to €100,000 for the illegal conversion of a residential property into a furnished tourist rental.
A Stricter Tax Framework for Investors
The Loi Le Meur is accompanied by tighter taxation rules applicable to furnished tourist rentals.
For investors under the micro-BIC regime, the flat-rate deductions on annual rental income are now set at:
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30% for non-classified furnished rentals, with a revenue ceiling reduced to €15,000
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50% for classified furnished rentals and guesthouses, with a ceiling lowered to €77,700
This reform increases the taxable base for many landlords, making the micro-BIC regime significantly less attractive.
For landlords under the real tax regime, the 2025 Finance Act introduces a major change: depreciation deducted under the LMNP status is now reintegrated into the capital gains calculation upon resale.
For example, a one-bedroom apartment in Bordeaux purchased for €200,000 and resold for €244,000 after ten years, with €28,000 in depreciation deducted during the rental period, will now have a taxable capital gain calculated on €72,000 (€44,000 + €28,000) instead of €44,000 previously.
As the taxable base increases, the capital gains tax is mechanically higher.
Strengthened Powers for Mayors Regarding Tourist Rentals
Local authorities are also granted enhanced enforcement tools in response to the expansion of short-term rentals.
Mayors may now impose fines of up to:
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€10,000 for failure to register a furnished tourist rental
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€20,000 in cases of false declarations or use of a fraudulent registration number
A national online registration platform will be introduced to strengthen oversight.
Mayors may also suspend the validity of a registration number and request rental platforms to remove or deactivate listings when a property is subject to a safety or sanitation order.
Furthermore, municipalities may reduce the maximum annual rental period from 120 days to 90 days. Failure to comply may result in a fine of €15,000.
Finally, the Diagnostic de performance énergétique (DPE) becomes mandatory for furnished tourist rentals. Only properties rated A, B, C, D, or E may be rented.
By 2034, only properties rated A, B, C, or D will remain eligible for short-term rental.