Commonly Missed Monopoly Rules

Everyone who has ever bought a Monopoly┬« game should have the rules, but because everyone seems to know about or have a game, very few actually sit down to read the rules. The rules are actually pretty clear, but a few get overlooked. Here are the ones that most folks don’t know about.


There are 32 houses and 12 hotels in a Monopoly┬« set and that’s it. Once these are used up you cannot buy any more. This can be used to an advantage. If someone buys up the last of the houses than no more building can occur. This includes hotels.

When you sell houses or hotels back to the bank you only get half of what you paid for them.

You can buy and sell buildings, or conduct any other business, at any point in the game. You don’t have to wait for your turn. However, this business should be conducted between roles of the dice, with a brief “time out” being called.


If you decide you do not want to buy a property you land on, it is immediately auctioned by the bank. One way or another the bank gets rid of it. Regardless of price, the property is sold to the highest bidder.


Once a “Chance” or “Community Chest” card is drawn, it is placed, face down, on the bottom of the deck (unless it is a “Get Out of Jail Free” card). The deck is never reshuffled during the game. It is fun when the cards have gone around once and you have an idea of what cards are coming up. This is especially true in the later stages of the game if you know one of the “building repair” cards are coming up and there are lots of houses and hotels about. Drawing cards then begins to resemble a game of Russian Roulette.

Income Tax

Income tax is calculated from total net worth, including property and buildings, not just cash on hand. You must decided whether to pay the 10% or the $200 before you count up what you have.

The Bank

The bank will not except anything from players except cash, houses, and hotels, with buildings worth only half their purchase price. Money can be raised by mortgaging properties. The bank cannot take back property. If a player happens to go bankrupt to the bank, the bank must immediately auction all of that player’s properties. The bank, or any other player, cannot loan money to another player.

Going Into Debt

Quite simply, You can’t! Once your assets are down to zero (or less) you are bankrupt and out of the game. You can get a “loan” from the bank in the form of mortgaging.


A player can collect rent or conduct any other business when in jail, just like Al Capone did.

If you do not roll doubles on your third turn in jail then you must pay the $50 fine.


When you bring property out of mortgage you must pay 10% interest.

If you obtain mortgage property from another player you must pay the 10% interest immediately, whether or not you take it out of mortgage. If you bring the property out of mortgage at a later time a further 10% is still applied. This additional interest can be avoided by bringing the properties out of mortgage immediately.


Under no circumstances can players loan money to each other, nor can houses or hotels be transferred from one player to another. Buildings must be sold back to the bank for one-half of their purchase price, and purchased by the other player at the appropriate value for the properties they will be built upon. Player are free to exchange properties (provided they do not contain buildings), cash or “Get Out of Jail Free” cards in trades. Players cannot trade “immunity” for fines when landing on other player’s properties.

Free Parking

Nothing happens on “Free Parking”. No money collects here. It’s exactly what the name says – free parking.

However, if you have the Stock Exchange option, Free Parking becomes the Stock Exchange.


You do not get $400 if you land on “GO”. You just get your regular salary of $200.

159 Comments to “Commonly Missed Monopoly Rules”

Bryan says

Can someone explain how the mortgage thing works on monopoly. So for example I’m playing I got 500 dollars and I want to buy a property it says it cost 100. I pay the full 100 now what? Does mortgage still apply, did I pay everything off? Do I need to be paying constantly for my property after I pay for all of it

March 31, 2016 at 9:38 pm

jacqueline says

can you buy and mortgage the same property in the one turn

April 13, 2016 at 7:38 pm

Dhruv Thapliyal says

I was sent to the best property by a chance card. Can i buy it in the same chance?

May 3, 2016 at 6:56 am

Lizzie hewitt says

After rolling and not getting doubles on the third try to get out of jail ,can you then use a get out of jail free card?

May 14, 2016 at 3:36 pm

John Peyton says

Chris: Money can all be hidden in a pile or whatever, but properties must all be clearly displayed. It’s important for people to know who owns what, but knowledge of how much money people have is allowed to be hidden.

June 26, 2016 at 8:11 pm

Shawn says

If a player has to leave the game, quit or forfeit for any reason can the player give the remaining properties they own to another player of their choice?

August 13, 2016 at 11:38 pm

Annie says

What happens if I land on the same space as someone else.

August 27, 2016 at 1:30 pm

Nicole says

If you roll doubles and get a go to jail chance card do you still get to roll again

September 18, 2016 at 8:12 pm

Bob says

When you land on a unsold property and dont have enough cash can you buy it for the mortgaged price and own it and then unmortgage is later ?

October 1, 2016 at 9:44 pm

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