Location meublée gérée

Managed LMNP: prepare your income, delegate the management

A furnished property, an operator, a project to be costed together.

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JL HOME team · Updated on 17 October 2026

The JL HOME selection

Homes to consider for your project

Managed LMNP

Selection based on information from the developer. The scheme's conditions and the applicable price should be checked for your project.

One example property available per development. Open a listing to see the unit shown and its price conditions.

Residence image · non-contractual

Clermont-Ferrand 63000

Coeur Salins

€85,180Price provided by the developer · TVA to be confirmed

Price subject to access conditions, to be checked with your adviser. Managed residence investment: the home is let to an operator. Options for personal occupation depend on the lease, to be checked before purchase.

Property ref. 1121: 1 main room (T1, French classification) · 17.38 m²
Floor: Floor 1
Highlights: Aspect West

Expected delivery Q3 2028

New build or existing: classification to be confirmed.

Discover this home 163 homes available · notary fees on top

Student Factory Angers - Montaigne, visuel 1

Residence image · non-contractual

3 new homes

Angers 49100

Student Factory Angers - Montaigne

€98,040VAT 20% · including all taxes

Managed residence investment: the home is let to an operator. Options for personal occupation depend on the lease, to be checked before purchase.

Property ref. LA008: 1 main room (T1, French classification) · 18.34 m²
Floor: Ground floor
Highlights: Aspect South

Layout previewRequest the full plan of this home.

Expected delivery Q2 2029

Discover this home 140 homes available · notary fees on top

Residence image · non-contractual

102 new homes

Orsay 91400

Student Factory Paris Saclay

€139,141VAT 20% · including all taxes

Managed residence investment: the home is let to an operator. Options for personal occupation depend on the lease, to be checked before purchase.

Property ref. LB103: 1 main room (T1, French classification) · 17.5 m²
Floor: Floor 1
Highlights: Aspect East

Expected delivery Q2 2029

Discover this home 131 homes available · notary fees on top

Residence image · non-contractual

Rouen 76000

Stud'Garden - Blossom Park

€81,575Price provided by the developer · TVA to be confirmed

Property ref. 2101: Studio · 17.4 m²
Floor: Floor 1
Highlights: Aspect East

Layout previewRequest the full plan of this home.

Expected delivery Q4 2028

New build or existing: classification to be confirmed.

Discover this home 107 homes available · notary fees on top

Residence image · non-contractual

New home

Montpellier 34000

STUD'ESTE

€108,230Price provided by the developer · TVA to be confirmed

Property ref. 007: 1 main room (T1, French classification) · 18.05 m²
Floor: Ground floor

Expected delivery Q3 2028

New build or existing: classification to be confirmed.

Discover this home 106 homes available · notary fees on top

Residence image · non-contractual

Thiais 94320

L'Avant Scene

€116,100Price provided by the developer · TVA to be confirmed

Property ref. 631: 1 main room (T1, French classification) · 19.69 m²
Floor: Floor 5
Highlights: Aspect East

Expected delivery Q3 2027

New build or existing: classification to be confirmed.

Discover this home 103 homes available · notary fees on top

See the full selection Request a selection

How it works

How it works, in plain terms

Le LMNP géré est une location meublée confiée à un exploitant, souvent dans une résidence de services. Ce n’est pas un avantage fiscal distinct du LMNP : les revenus de location meublée relèvent des bénéfices industriels et commerciaux (BIC). Le contrat définit les loyers, les charges et les obligations de chacun.

Build your project

What matters before you choose

Le rôle de l’exploitant

Vous achetez un logement et un gestionnaire assure l’exploitation selon le contrat signé. Vérifiez sa situation financière, son expérience et les conditions de renouvellement du bail.

La fiscalité

Le régime micro-BIC ou le régime réel peut s’appliquer selon votre situation. Au réel, les charges et certains amortissements peuvent être pris en compte dans les limites fiscales prévues.

Le bail et les charges

Relisez la répartition des travaux, des charges, de l’entretien et des taxes. Le loyer contractuel dépend aussi de la capacité de l’exploitant à payer.

La récupération de TVA n’est pas automatique. Elle dépend de l’activité réellement exercée et des conditions fiscales du montage. Faites vérifier le bail et le traitement fiscal avant de signer.

Worked example · illustrative assumptions

Rent under the lease is not enough to measure cash flow

Hypothetical example close to reality: €750 monthly rent, €1,800 of annual charges paid, €2,500 of interest, €4,500 of validated depreciation and €600 of monthly loan repayments. The taxable result is €200. At a 30% marginal tax rate and 18.6% social contributions, the estimated tax is €97.20 per year.

Replace this example with my figures →

−8 € / moisEstimated cash flow after charges, loan repayments and tax. No vacancy or rent changes assumed; no return is promised.

Your conversation with JL HOME

From the first figure to choosing the home

The simulator provides an initial baseline. To move forward, we review your objective, your budget and the type of transaction you are considering. Your project documents then help refine the assumptions and the points requiring validation.

Your situation

Holding period, income needs, financing capacity and taxation: explain what you expect from the investment.

The property project

Location, price, any works, lease and management: review the property documents before choosing a scenario.

Figures to be confirmed

Refine the budget and have the tax, accounting and legal aspects confirmed with the relevant professionals.

Frequently asked questions

Before you start

Useful answers to help you place LMNP géré in your project.

Le LMNP géré est-il un dispositif fiscal supplémentaire ?

Non. Il décrit un mode d’exploitation de la location meublée. Le statut fiscal et le régime d’imposition se déterminent selon votre activité et votre foyer.

Le gestionnaire garantit-il le paiement des loyers ?

Le contrat peut prévoir un loyer, mais son paiement dépend de la solvabilité de l’exploitant. Les garanties et les conditions de révision doivent être examinées dans le bail.

Que deviennent les amortissements à la revente ?

Pour les ventes réalisées depuis le 15 février 2025, les amortissements déduits au régime réel viennent réduire le prix d’achat retenu pour calculer la plus-value. Les logements en résidence services pour étudiants ou pour seniors et en EHPAD ne sont pas concernés par cette règle.

Which documents should you review before buying?

The full commercial lease, the operator's accounts and references, the indexation clauses, charges, works, and the conditions for renewal or exit. A high rent does not necessarily offset a fragile lease.

What is the managed LMNP simulator for?

It distinguishes the taxable result under the actual-expenses regime from the cash actually available after charges and loan repayments. It uses your figures; the lease rent and depreciation must be validated for the project.

Compare the options

Keep considering your options

Official sources consulted for this edition of 8 October 2026

Which project for your property portfolio?

Share your goal with JL HOME to explore a selection suited to your situation.

Study my project

Homes to consider for your project

Coeur Salins

Student Factory Angers - Montaigne

Student Factory Paris Saclay

Stud'Garden - Blossom Park

STUD'ESTE

L'Avant Scene

How it works, in plain terms

What matters before you choose

Le rôle de l’exploitant

La fiscalité

Le bail et les charges

Rent under the lease is not enough to measure cash flow

From the first figure to choosing the home

Your situation

The property project

Figures to be confirmed

Before you start

Keep considering your options

Which project for your property portfolio?

What if this year were the right ?