![]() Properties can be traded, provided they don’t have houses or hotels on them. Properties can also be mortgaged, earning back some money but voiding rent payments until they are unmortgaged. When you land on an unowned colored property, railroad, or utility you must either buy it or auction it. If the player landing on a property declines to buy, an auction begins, and the highest bid takes the property. There are no set rules for how an auction should be played out. You can make a bid during an auction at any time, it does not have to go in turn around the players (although it’s good manners if you do that). Once no player is willing to go above the highest bid, the property is sold to the winner for that amount. ![]() This means you can get properties very cheap – if your opponent has very limited cash and they land on a property, you can bid for just over the amount they own. Read more: Monopoly Auction Rules Explained House and Hotel Rules They can’t mortgage properties during an auction to raise more cash. Once you own all the properties within a color set, you can start to build houses on them. You must build evenly – so you can’t build two houses on a property until all other properties in that color set have one house. Hotels can be bought once four houses are on each property.Ī single hotel is the maximum that can be placed on a single property – you can’t add a hotel and extra houses. There are a limited number of houses and hotels in the game, and this is by design. If you get down to the last houses or hotels and multiple people want to buy them, they must be auctioned off. ![]() The cost of houses and hotels varies by property – you can find the cost on the property card for that property. They must be sold back to the bank instead if a player wishes to sell or trade that property.Ī little-known rule in Monopoly is that rent must be asked for by the player owning the property. If you land on a space owned by another player, and they don’t ask you for rent, and then the next player rolls the dice, they have missed their chance. ![]()
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