Reinier advises national and international companies
reinier.russell@russell.nl +31 20 301 55 55On 9 February 2016, the Lower House of the Parliament adopted the bill on rental market flexibility, under which the options to offer temporary leases were extended. These options will largely disappear from 1 July 2024. What does that mean for you?
The Rent Market Transition Act entered into force on 1 July 2016. The idea behind this Act was that home owners would be more likely to offer residential properties for rent. As the Act led to a deterioration rather than an improvement in the position of tenants, these changes have largely been reversed. An overview of the situation as of 1 July 2024, can be found in our blog on the restriction of temporary letting options.
There will be a lot more options to conclude temporary tenancy agreements:
The possibility of agreeing that a temporary rental agreement for a property will end by operation of law will largely disappear from 1 July 2024. Only in a limited number of cases temporary letting of up to 2 years will still be possible. However, the following changes will remain in force:
Would you like to know more about temporary renting and letting accommodation or do you have any other questions on real estate? The specialists at Russell Advocaten will gladly give advice. Please contact us:
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