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Interest on Deposit in Amsterdam: Your Legal Right

As an Amsterdammer, do you have a right to interest on your deposit? Learn the BW rules, calculations, and how to claim it from landlords in De Pijp or Centrum. (28 words)

1 min leestijd
In Amsterdam, the landlord is legally required to pay interest on the deposit from the first day of the tenancy. Article 7:204 BW regulates the statutory interest, which currently varies between 2-6% depending on the year. This interest continues until full repayment of the deposit. As an Amsterdam tenant, request an annual interest statement, otherwise your claim will become time-barred. In case of non-payment: send a demand letter and keep all correspondence. Many Amsterdam landlords, especially in popular neighbourhoods such as De Pijp or Oud-West, deposit the deposit into a blocked account with foundations such as Woonborg or the Stichting Huurdersbelang Amsterdam. Check this immediately upon entering into the tenancy via the tenancy agreement or the Huurteam Amsterdam. In the vibrant Amsterdam rental market with high demand for housing, landlords often neglect this obligation. In case of problems, go to the Amsterdam Rental Committee or the district court in the palace on the Prinsengracht. Local tips: consult the Juridisch Loket Amsterdam for free advice or check the municipality's website for tenants' rights in the city. This way, you maximise your rights in this expensive market. (218 words)