"All my questions about renting out were answered immediately"
Do you want to rent out your home or apartment to expats?
VERRA Real Estate is the largest expat agency in West Holland with offices in The Hague and Rotterdam. We rent and sell properties to expats from international organizations such as Shell, Unilever, Heineken and various other international organizations and embassies. Are you moving abroad and looking for a partner in the Netherlands? We can take care of all matters relating to your home with our management department. You can find this information on our rental and management page. Renting out a home to expats is a very good idea, however you might have a lot of questions about it. Feel free to contact the office for non-binding information or view the most frequently asked questions in the Q&A below.
Frequently Asked Questions about renting out your property.
In principle, you do not pay any tax on the incoming rent. You do pay taxes indirectly in the Netherlands through the so-called fiscal box system. If it is the home you are currenlty living in and you want to rent out this house temporarily, you pay tax in box 1. If the home is a second home that you would like to rent out you pay tax on the value of the home minus any mortgage debt in box 3. In addition to that you will have to pay home owner taxes such as WOZ tax.
This obviously depends on the location of the property, the size and the quality of the finishing. If you make an appointment with one of our listing agents, we will come to your house and talk about all the important topics related to renting out your property. We will advice you about the legal side of renting out, about the value of your house (potential rent) and what to do to make the property as attractive as possible for future expat tenants. As we only rent out to expats, the rents are quite high in the current market and it can be very interesting for home owners to focus on this particular target group.
The most important thing is to hire a good rental agent who has local knowledge about the neighborhood and target group. Of course you want a trustworthy tenant who won’t stay in your home forever. A solid and legally correct lease agreement is essential to make this happen. You can always call us and make a (free of charge, no strings attached) appointment to discuss these important topics. We will discuss the legal consequences, rent determination (appraisal), points for attention to prepare the rental property and the right market approach to attract the right expat tenant.
Selling or renting out your house are one of the most impactful events of your life. Since the rental laws in the Netherlands are quite strict, it is very important to be aware of all the legal, fiscal and financial consequences that renting out might have in your particular situation. Unfortunately we still hear a lot of bad stories about untrustworthy tenants who don’t pay the rent or exploit illegal activities in your home. Hiring an agent gives you the guarantee of a screened tenant with a solid financial background. VERRA Real Estate provides expat tenants who are in The Netherlands on a temporary assignment and therefore will stay temporarily in your home.
In principle, your current home insurance will still be applicable, however it is important to mention to the insurance company that you are renting it out. Does home insurance cover tenants? Sometimes you still have to pay a small extra premium. VERRA Real Estate can also help you get in contact with insurance agents that offer special rental liability packages. If you rent out your property fully furnished, please consider getting a content insurance as well.
AirBnB is a popular way to temporarily rent out your living space. Unfortunately, there are also disadvantages: most home owners associations prohibit it. Secondly, the home is occupied very intensively (often several people share a home) and quite a lot of care is required to prepare the home each time (cleaning, check-in and check-out). With expats renting your apartment every few years, there is less wear and tear in your apartment.
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