First step is to gain permission from all relevant parties before renting out your property. This usually means:
Your bank or mortgage lender. If you have a mortgage, your mortgage agreement will most likely include a clause requiring written permission before renting out your property. If you want to rent out your home temporarily, it is more likely that you will receive permission than if you want to rent out your home for an indefinite period. If a large part of the mortgage has already been paid off, lenders are often more flexible.
VvE. If you want to rent out a split house or an apartment , you often have to deal with an Association of Owners. You should inform your VvE about the intent to rent your property. The VvE could have rules the tenant needs to be made aware of and sign.
Co-owners. All owners must approve. For example, if a couple owns the property, both partners would need to approve.
Insurance. The following insurances may be important: inventory insurance/ Inventaris-goederenverzekering, home insurance/ opstalverzekering (VvE) and liability insurance/ WA verzekering. You must inform the insurance company that the property is going to be rented out. Otherwise, the possibility may arise that any damage suffered will not be (fully) compensated. Learn more here.
Rental and the tax authorities. Renting out your home has consequences for the mortgage interest deduction and your tax return. It is wise to submit your personal situation to a tax advisor before renting out the property. More information can also be found HERE.
We don’t check if you obtain the correct permissions. We only require you to confirm you have permission. We do help with meeting any required conditions such as adding articles to lease contract and sharing VVE rules with the tenant.
Purchase Protection Policy in Amsterdam
Since 1 April 2022, a purchase protection policy has been in effect in Amsterdam to prevent investors from buying up affordable and mid-priced homes. Under this policy, properties with a WOZ value of €533,000 or less must be owner-occupied for at least four years before they can be rented out.
However, purchasing a property that is already rented is allowed, provided the property has been continuously rented for at least six months prior to the transfer of ownership (i.e., registration in the land registry).
Exceptions. Certain exceptions apply to the owner-occupancy requirement:
- Renting to first- and second-degree relatives (children, siblings, and parents).
- Temporary rental (maximum of one year) due to circumstances such as an overseas stay—this requires a permit or exemption.
