Leasehold contract expires within 5 years

Do you own your own (single family) house, apartment or business premises and does your leasehold contract expire within 5 years? If so, you will receive a reissue offer from the municipality approximately 3 years before the expiry date. You do not have to do anything for this.

In order to inform you about the reissue process, you will receive an invitation from the ground lease department (Erfpachtbedrijf) for an informational meeting.

  • A month after the meeting you will receive the offer for a reissue in ground lease.
  • If you agree to the offer, sign the declaration and return it to the ground lease department In the case of a whole plot (single-family house), a notary will immediately record the right of reissue in an act. In the case of an apartment, it will only be recorded once all the members of the VvE have agreed. This act will be registered in the land register.
  • You do not need to accept the first offer from the municipality.
  • Approximately 3 months before your current leasehold contract expires, you will receive a final offer. This final offer may be higher or lower than the first offer. This is due to the appraisal value and the ground rent percentage, which may have changed over the course of 3 years. You are obliged to accept this final offer.

You may also apply for a reissue on request. Visit Leasehold contract expires within 15 years.

Calculation

  • The ground lease right is reissued to the leaseholder. The old right ends.
  • Two surveyors determine the land value for the reissue based on 55% of the market value of a similar piece of undeveloped land which is ready for development. This approach is recorded in the ‘appraisal instructions’.

If you do not agree with the municipality about the land value, you may start a procedure to call in experts. For more information, visit Appraisal and land value for leasehold.

For more information, see the Supplementary General Rules for Reissue (RIS 12991).

Apartment rights

Do you have apartment rights? Look for more information under Apartment rights.

Leasehold contract expires within 15 years

Does your leasehold contract expire within 15 years and would you like to know what your new land value and ground rent will be? If so, visit Leasehold contract expires within 15 years.

    Also see Ground lease

    Published: 6 March 2018Modified: 23 April 2020