Guarantee Declaration as Alternative to Security Deposit in Westland
Security deposit too expensive in Westland? Choose guarantee declaration: rules, local pros and cons plus tips for Naaldwijk and Monster. (18 words)
AA
Arslan AdvocatenLegal Editorial
2 min leestijd
In Westland, with its dynamic greenhouse horticulture sector and tight rental market in districts such as Naaldwijk, Monster and Kwintsheul, landlords of agricultural and residential properties often accept a guarantee declaration from parents, family or a local bank as an alternative to a cash security deposit. Article 7:200 of the Dutch Civil Code (BW) makes this possible, provided the guarantee offers equivalent security. In the Westland region, such a declaration covers a maximum of three months' rent and lapses automatically upon termination of the tenancy agreement. The tenant remains jointly and severally liable, which adds extra pressure in disputes over horticultural rental housing. For solid evidentiary value, notaries in Westland recommend a notarial deed, available at offices in Poeldijk or 's-Gravenzande. Advantages: no tying up of liquid assets, ideal for young growers investing in greenhouses. Disadvantages: strain on family ties, especially in close-knit Westland communities, and possible resistance from landlords for seasonal rentals. If the declaration is refused? Then negotiate or involve the Rent Tribunal, which has experience with regional rental issues. Compare with deposits at cooperative credit unions such as Rabobank Westland. Always adjust the tenancy agreement accordingly and consult local advice from the Municipality of Westland for horticulture-related rental rules. (218 words)