In 2026, more than 2.8 million students will be looking for accommodation in France, and the Jeanbrun scheme is emerging as a credible alternative to the LMNP for rental investment in student residences. The answer is clear from the outset: no scheme is universal, but one is structurally more suited to your profile as a landlord and your tax objectives. The LMNP remains relevant for those seeking depreciation and delegated management, but it has its limitations in student residences when ceilings, actual taxation, and long-term projections come into play. The Jeanbrun scheme, designed for private rental investment, follows a different logic: land deficit, deduction from overall income, and targeted housing stimulus. This comparison will focus exclusively on student residences, not real estate in general. The goal is simple: to help you choose the most appropriate scheme, not the most fashionable one. Should you abandon the well-known LMNP in favor of a new rental investment scheme that is still under development? Or, on the contrary, is this an opportunity to secure a long-term investment in student housing? There is no sales pitch here. The analysis is based solely on actual taxation, the logic of private landlords, and long-term economic consistency.
 

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