Guarantor Statement as an Alternative to Security Deposit in Rotterdam

In Rotterdam, where the rental market is tight with average rental prices around €1,500 for an apartment in Kralingen or Delfshaven, landlords often accept a guarantor statement from parents, family, or a bank as an alternative to a cash security deposit. Article 7:200 of the Dutch Civil Code (BW) permits this, provided the guarantee offers equivalent security. In the port city of Rotterdam, such a statement covers a maximum of three months' rent and automatically expires upon the termination of the rental contract. The tenant remains jointly and severally liable, so be mindful of the risks in case of non-payment. For additional evidentiary value, have the statement recorded by a notary in Rotterdam-Zuid or the city center. Advantages specific to Rotterdam: no liquid assets are tied up while you save for a move to Rotterdam Noord. Disadvantage: family relationships may come under pressure due to high rents in popular neighborhoods such as Oude Westen. If the guarantor statement is refused by a landlord via Funda or private real estate agents, negotiate or consult the Rent Commission Rotterdam for advice, or check local initiatives such as Woonbedrijf Rotterdam for alternative securities. Compare with digital deposits at regional credit unions. Do not forget to amend the rental contract and register it with the Municipality of Rotterdam.