Rental
Renting under the Vacancy Law – everything arranged at 365makelaardij
If the sale of your home doesn’t go according to plan due to a lack of buyers or because the intended price isn’t achieved, it may be interesting to temporarily rent out the property under the Vacancy Law. This way, you prevent the property from standing empty and still generate income. 365 Real Estate Agency can handle the permit application and assist in obtaining approval from the bank.
What is the Vacancy Law?
Before we delve into renting under the Vacancy Law, it’s important to understand what the Vacancy Law entails. The Vacancy Law is a temporary regulation that allows for the temporary rental of vacant properties. This helps prevent properties from remaining vacant for extended periods, which could lead to deterioration of the properties or the neighborhood. The Vacancy Law applies not only to shops and offices but also to residential properties.
What does renting under the Vacancy Law entail?
Renting under the Vacancy Law is a form of temporary rental. In this arrangement, a vacant property is rented out to a temporary tenant for a maximum period of five years. This tenant can be an individual, company, or institution.
During the rental period, the tenant does not have full tenant protections. This means that as the landlord, you can terminate the lease at any time. However, you must provide a three-month notice period as a landlord.
Renting under vacancy
The benefits of renting under vacancy
Renting under vacancy can have several benefits, including:
- Extra income: When a property is vacant, it cannot generate income for the owner. By renting out the property during vacancy, the owner can generate additional income.
- Maintenance and security: A vacant property can be vulnerable to vandalism and theft. By renting out the property, it is actively used, typically resulting in increased supervision and security, reducing the risk of damage and theft.
- Preventing deterioration: A property that remains vacant for a long time can deteriorate and have a negative impact on the surrounding area. Renting out the property and ensuring active use can prevent deterioration.
- Flexibility: If the owner plans to use the property themselves at a later date or if there is a buyer who wants to acquire the property in the short term, renting during the vacancy period can provide a flexible solution. The owner can then occupy the property at a later date.
Calculate your rental price
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When can you make use of renting under the Vacancy Law?
Renting under the Vacancy Law is possible if several conditions are met. The property must be vacant for at least six months or expected to become vacant soon. Additionally, the rental period must not exceed five years. Furthermore, the tenant must agree to waive their tenant protection rights, and a permit must be obtained from the municipality.
Arrange the application with 365 Real Estate Agency: from rental to sale.
To utilize renting under the Vacancy Law, you need a permit from the municipality. StartHousing takes care of the application for this permit entirely and assists in obtaining approval from the bank. Afterward, we can handle the entire rental process from A to Z for you and, if desired, also take care of the property management. Another advantageous option offered by StartHousing is the ability to dual-market the property. This means we can offer the property for both sale and rental simultaneously. This ensures you always get the best deal, avoid unnecessary costs, and don’t miss out on any income.
