Guarantee Declaration as Alternative to Deposit in Amsterdam

In Amsterdam, where rental prices are sky-high due to the tight housing market, landlords in neighbourhoods such as the Jordaan or De Pijp often accept a guarantee declaration from parents or a bank as an alternative to a cash deposit. Article 7:200 of the Dutch Civil Code (BW) makes this possible, provided that the guarantee offers equivalent security. In the capital, such a declaration covers a maximum of three months' rent, such as an average of €2,400 for a bare rent of €800, and expires automatically upon termination of the tenancy agreement. The tenant remains jointly and severally liable, even in the event of non-payment in expensive complexes around Central Station. For solid proof: have the declaration recorded by an Amsterdam notary, such as on the Herengracht. Advantages: no need to tie up savings in a city where starters have hardly any liquid assets. Disadvantages: family ties under pressure due to Amsterdam's high rental pressure, plus possible intervention by the Rent Team in conflicts. If the guarantee is refused by a landlord in Oud-Zuid? Negotiate or involve the Amsterdam Rent Committee or Woonbond for mediation. Compare with deposits at local cooperatives such as ABN AMRO or Triodos. Always adjust the tenancy agreement accordingly and check the ROZ model contracts for Amsterdam-specific provisions. This way you avoid disputes at the district court on the Prinsengracht.