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Sell quickly with agenz How to Set the Rental Amount in Morocco ?
You wish to rent out a property. But how do you set the rental price for your apartment or house for rent? Here's what you need to know about rental prices in Morocco.
What the Law Says
Law 07/03 concerning the revision of rent for residential leases allows the landlord and tenant to freely agree on the rent amount and its revision in the contract (remember that a lease contract is mandatory).
However, the increase in rent is limited to 8% for residential leases. Also, its periodicity is limited to 3 years. In other words, the landlord can increase the rent every 3 years.
That's the regulatory aspect.
A Necessity : Rental Yield
The challenge for you as a property owner is to maximize the rental yield (the ratio between the rent you receive after deducting expenses - taxes, maintenance fees, etc. - and the purchase amount) while minimizing the vacancy duration (the period during which the property will not be rented).
Therefore, it will be necessary to set a rental price that finds the right balance, as too high a rent will lead to significant tenant turnover. Conversely, a rent lower than the market rate will be detrimental to your investment.
Criteria to Consider When Setting the Rent Price
Now that you have all these elements in mind, here are some criteria to help you set the rent amount:
1 . Location
The location of your property will naturally influence the rent amount. In which neighborhood is it located? What are the amenities nearby? Is it on a busy axis or, on the contrary, more calm? The answers to these questions will raise or lower the price. It is also important to inquire about the rental market prices in your neighborhood.
To reliably estimate the rental value of your property, make your estimate on agenz.ma. Enter all the criteria and get the rent amount in just two minutes !
2 . The Nature of the Property
Studio, apartment, villa... The type of property offered for rent obviously impacts the amount of the monthly payments.
3 . Living Area
This is the floor area with a ceiling height of more than 1.80m, counting all the rooms and built-in closets.
The number of rooms is also important. Additional spaces such as a parking space or a cellar that allow you to further enhance your property should also be taken into account.
4 . The Condition of the Property
Has your property just been renovated? Perfect! You can influence the rent amount. If the apartment or villa offered for rent is not brand new, this should also be taken into account. It is worth reminding that Moroccan law requires that the property offered for rent be decent and livable.
5 . The Floor
We know that the floor of an apartment influences its sale price. In June 2023, according to data from Agenz, we recorded a price variation of 15% depending on the floor !
In terms of rent, the floor can also have an influence. For example, a ground floor or first level might offer less brightness and privacy, while a higher floor will offer a clearer view and more light.
6 . Features
Exposure, balcony, gardens, fireplace, private pool, etc. are all criteria to consider when setting the rent amount. The higher the level of amenities of your property, the higher the rent you can expect.
7 . External Services
Reflect all the services and amenities that differentiate your property. Among these, we can mention the elevator, the presence of a guard, or the intercom. Of course, being in a secure residence is also a value.
8 . Rental Conditions
Will you offer your property empty or furnished? Generally, furnished apartments or houses rent for more than those offered unfurnished. Each of the two options offers advantages and disadvantages.
It is sometimes easier to find tenants by offering a furnished property and, as mentioned earlier, the rent will be higher. Often, these rentals are short-term, and maintenance is more expensive. Unfurnished rental generally offers much more limited tenant turnover.
9 . Duration of the Contract
If you have found the ideal tenant, it might be interesting to slightly reduce the rent amount to keep them longer! A tenant who stays for a long time means securing the regularity of rental income and limiting the vacancy times of your properties.
To obtain the amount of rent in Morocco for free in 2 minutes, make your estimate on agenz.ma !
Agenz - Data 
Find out the price per m² around you. The price per m2 in the major cities of Morocco.
