Interest on Deposit in Rotterdam: Your Legal Right

In Rotterdam, your landlord is legally required to pay interest on your deposit from the first day of the tenancy. Article 7:264 of the Dutch Civil Code (BW) stipulates the statutory interest rate, which currently ranges from approximately 2% to 6%, depending on the year and the duration. This interest continues to accrue until the full repayment of the deposit. As a tenant in Rotterdam, request an annual interest statement to avoid the statute of limitations, which expires after five years. If your landlord refuses, you can send a formal demand letter via a Rotterdam tenants' association such as Huurteam Rotterdam. Keep all your correspondence carefully stored. Many landlords in Rotterdam, particularly in districts such as Delfshaven or Feijenoord, deposit the security amount into a blocked account with foundations like Woonborg or the Stichting Huurdersbelangen Rotterdam. Verify this immediately when signing your rental agreement in the port city. In Rotterdam's vibrant rental market, it is common for private landlords to neglect this obligation, whereas housing corporations like Woonbron typically comply as standard. In cases of non-compliance: first consult Huurteam Rotterdam for free advice, or approach the Rent Tribunal in Rotterdam-Zuid. For legal proceedings, you may engage the subdistrict court at the District Court of Rotterdam. Approximately 30% of rental disputes in Rotterdam involve unpaid deposits or interest amounts, according to recent statistics from the Rent Tribunal. Act promptly to enforce your rights in this dynamic city.