TOOLS

The first step in renting a home is to choose the type of rental. Would you like to rent on a long term or short term basis? Furnished or unfurnished?

To define the type of rental, you should first take into account the offer and demand of your geographical area. Is it a residential, touristic or student area?

Furnished rentals are more and more requested in Mauritius. Renting a furnished property will allow you to reach more people and also to justify higher rates.

How to set a balanced price that will not scare the tenants while being profitable for you?

Here are some factors to consider before pricing your property for rental:

• The geographical location of your property: in Mauritius, some places are more popular than others and the demand can be higher than the offer. Housing in these areas is generally more expensive.
• The surface of your property and number of rooms. For example, a master bedroom suite will increase the value of your property.
• The quality of the proposed furniture (if you rent a furnished property)
• Equipment and amenities

• First and foremost, the property must comply with the decency guidelines imposed by Mauritian law.
• Providing a clean and well maintained property is a minimum requirement.
• Home security is an important issue for both Mauritian families and expatriates. Alarms, anti-theft or surveillance cameras are very much appreciated.
• Tenants usually like neutral decoration. It allows them to project themselves and create their own decorative touch.
• Honesty about the weaknesses and strengths of the property from part of the owner helps build a long lasting trustful relationship.

• First and foremost, the property must comply with the decency guidelines imposed by Mauritian law.
• Providing a clean and well maintained property is a minimum requirement.
• Home security is an important issue for both Mauritian families and expatriates. Alarms, anti-theft or surveillance cameras are very much appreciated.
• Tenants usually like neutral decoration. It allows them to project themselves and create their own decorative touch.
• Honesty about the weaknesses and strengths of the property from part of the owner helps build a long lasting trustful relationship.

Here is a free Lease Agreement Template, provided to you for guidance only. Make sure to adapt it to your own needs and ensure that it complies with all applicable laws.
Download the free Lease Agreement Template

• A good starting point is to work out the value of the land component of your property. Land value is affected by many factors including position, shape, size, slope, topography and so on.
• Next, think about what the structures on your property are worth. Ex: the house, unit, pool, garden, garage etc. Add this to your base land value and you have your rough base price.
• You should also think about the minimum price acceptable for you.
• Look at every similar  property that is or has been listed in the same neighborhood over the past 6 months.
• Compare your property with similar square footage and/or similar age. One neighborhood might consist of homes built in the 1980s next door to another ring of construction from the 2000’s. Values between the two will differ for sure. Compare alike with alike.
• Seek property valuation and price estimate by professionals. This can be a great way to help test and refine your price expectations.

Here is some useful advice which will help you write the perfect Ad to put forward the assets of your property:

1. Describe your environment. Is it a residential area? Calm? Lively neighborhood? Next to shops and other facilities?

2. State in which condition your property is. Is it new? Recently renovated? Environment-friendly?

3. Mention the famous places/monuments in the surroundings.

4. Put forward the strenghts of your property. With terrace? Sea view? Lift? Bedroom suite? Office?

5. Indicate the facilities offered by your property. With swimming pool? Garden? Barbecue? Fiber optic installation?

6. Add good quality images which clearly show how your property looks like.

Once your Ad is published, phone calls from potential clients will follow.
Give the maximum information about your property and ask visitors about their projects and needs. This will help determine if your property might or not suit their needs and will help on how to approach visitors during visits.

Once the appointment is scheduled, make sure that your property is perfectly clean and tidy.

When the visitor arrives, start by showing the main rooms of your property, then the advantages mentioned in the Ad and finish your visit by showing the exterior and common areas as applicable.

To conclude the visit, don’t hesitate to ask questions about the visitor’s appreciation and feelings before starting a potential negotiation.

If you chose to rent your property on a short term basis, it may become a tourist property and therefore be subject to a Tourist Accommodation Certificate.

Mauritius is known as one of the world’s top luxury tourism destinations. With attractive beaches and a tropical climate, Mauritius offers peaceful and sunny holidays all year long.

Here are some useful links about what to do in Mauritius.

Mauritius Tourism Authority
Mauritius Attractions
Lonely Planet

Why you should invest and live in Mauritius?

Known to be the best country in Africa to do business, with an economy considered as “the most competitive economy” in sub-Saharan Africa, Mauritius holds every year more and more investors and expatriates.

How to invest in Property?

The Property Development Scheme (PDS), which has replaced the IRS and RES, allows the development of a mix of residences for sale to non-citizens, citizens and members of the Mauritian Diaspora.
It allows the buyer to emigrate or to retire in the island with a permanent residence permit, through an investment of a minimum amount of USD 500,000.-

We have selected some useful links and articles about investing and/or living in Mauritius.

Why Mauritius? – Economic Development Board
Requirements for foreigners – The Mauritius Chamber of Commerce & Industry
Invest in Mauritius – Chambre de Commerce & d’Industrie France-Maurice
Necker Gestion Privée – Private Wealth Management company in Mauritius.
Live in Mauritius – Blog about life in Mauritius