Income-requirements

The monthly rent has a significant impact on your budget. We want to prevent you from getting into financial problems because you are unable to pay the rent. In addition, Vesteda works for professional property owners such as pension funds and investors. Just like our tenants, they are also clients of Vesteda and expect us to select suitable tenants for our properties in a well-considered manner. This selection is based on:

• Your income in relation to the rent
• Your creditworthiness
• ID fraud
• Improper use of the rental property

We are aware that we ask you to provide a lot of personal information when you register for a rental property. It is good to know that any new neighbours you have are selected in the same manner.

If you have any questions about how we deal with your privacy, please contact us.

Contact

With every rental property on our site, you can see under the heading "Can I rent this property?" what your minimum gross income must be to rent the property. These are our income requirements.

To determine the income requirement per home, we use the table below:

Please find below a calculation example:

Suppose you want to rent a property with a monthly rent of € 746.

• Do you want to rent the property on your own? Then you must earn at least € 746 x 4 = € 2,984 gross per month.
• Do you have a partner? Then you must jointly earn at least € 746 x 4.5 = € 3,357 gross per month to qualify for this property.

• I want to rent a property based on one income:
  
  Your gross monthly income / 4 = your maximum rent
  
  Example: your gross income is €3,000 per month. You can rent a property with a maximum monthly rent of €3,000 / 4 = €750.

• I want to rent a property together with my spouse:
  
  Your gross monthly income / 4.5 = your maximum rent
  
  Example: your total gross income is €4,500 per month. You can rent a property with a maximum monthly rent of €4,500 / 4,5 = €1,000.

The way in which you calculate the gross monthly income depends on your situation:

• I am in salaried employment.
  
  Your monthly salary is your gross salary excluding holiday pay and bonuses. The gross salary must be based on the fixed working hours as set out in your employment contract. Structural variable remuneration over the last 12 months may be added to you gross salary.
  
  If you have a temporary employment contract, we will ask you to send us an employer’s statement, in which your employer states that he or she intends to renew your contract at the end of its term by at least six months.

• I am self-employed.
  
  Divide your average net pre-tax annual profits for the past two years by 24. Enter the result as your gross monthly income.
  
  Self-employed persons will normally have to provide a security deposit equivalent to 2 months’ rent.

• I am retired.
  
  Calculate your gross monthly income by adding 30% to your available monthly income.
  
  
• I do not have an income or my income is not sufficient, but someone else wants to act as a sponsor for me.
  
  Vesteda does not rent out property to interested parties who are sponsored by third parties.

With every rental property on our site, you can see under the heading "Can I rent this property?" what your minimum gross income must be to rent the property. These are our income requirements.

To determine the income requirement per home, we use the table below:

Please find below a calculation example:

Suppose you want to rent a property with a monthly rent of € 746.

• Do you want to rent the property on your own? Then you must earn at least € 746 x 4 = € 2,984 gross per month.
• Do you have a partner? Then you must jointly earn at least € 746 x 4.5 = € 3,357 gross per month to qualify for this property.

Do you have funds within your checking-and savingsaccount? Then you may add 10% of the assets divided by twelve to your gross monthly income.

Example: your total savings are €12,000 euros.

10% of €12,000 = €1,200 and €1,200 / 12 = €100

You may add €100 to your gross monthly income.

If you receive spousal maintenance, you can add this to your gross monthly income.

You may not add child maintenance to your gross monthly income. It is therefore not included when calculating the maximum rent.

Your monthly salary is your gross salary excluding holiday pay and bonuses. The gross salary must be based on the fixed working hours as set out in your employment contract. Structural variable remuneration over the last 12 months may be added to you gross salary.

If you have a temporary employment contract, we will ask you to send us an employer’s statement. The employment period must be ensured for a minimum of 6 months with the intention of being continued.

You will see the question ‘Can I rent this property?’ in the listing for every rental property on our website. Here you can see how high your gross income must be to rent the property. If you are self-employed, calculate your gross income as follows.

Divide your average net pre-tax annual profits for the past two years by 24. Enter the result as your gross monthly income.

Self-employed persons will normally have to provide a security deposit equivalent to 2 months’ rent.

An example:

pre-tax annual profit 2020 = €20.000
pre-tax annual profit 2021 = €40.000

Your average net pre-tax profit = (20.000+40.000)/2 = €30.000

€30.000/12 months = €2500,-. 

So the gross monthly income in this calculation example is €2,500 per month

You will see the question ‘Can I rent this property?’ in the listing for every rental property on our website. Here you can see how high your minimum income must be to rent that property. Do you want to know if your income is sufficient for a Vesteda rental home? Calculate your gross income by adding 30% to your available monthly income.

Vesteda does not rent out property to interested parties who are sponsored by third parties.

Would you like to rent a home from Vesteda? Then you must at least meet our rental conditions and income requirements.

Vesteda uses terms and conditions of the tenancy agreement. Take a look at our terms and conditions for more information.

More information about the income criteria you will find here.

With direct debit, it is easy to pay the correct rent each month on time without having to think about it.

You receive an authorization form with your rental contract. Or just log into My Vesteda (NL) and do this online.

LOG INTO MY VESTEDA (NL)

Employees with a permanent contract have to pay a deposit of 1 month rent. If you are an independent entrepreneur, tenant with a foreign residence of you live in the Netherlands shorter than 2 years and you have a residence permit, a deposit for 2 months will be required.

In this diagram you can find the size of the deposit in different cases:

Vesteda may decide to deviate from the standard based on your situation and  the submitted documents.

You rent a Vesteda property for a minimum of one year. The minimum notice period is one month.

Have you found a great home on our website? Then of course you want to qualify for it. But it is important that you meet our rental conditions and income requirements.

Take a look at our rental conditions .
Read all about our income requirements.
Also take a look at our general conditions. These can be found in the ‘Guide to renting’ brochure.

If you satisfy all conditions, this ensures us that we have good tenants, and that our tenants have good neighbours.

If you can demonstrate that you run a joint household on a long-term basis with your partner, you are eligible to rent as a couple. Both your names will be mentioned on the rental contract. In this case, you can combine both of your incomes to calculate your maximum rent.

House sharing
You can share an appartment with two bedrooms with another person such as a friend or colleague. We call this ‘house-sharing’. 

We do not rent out homes to students, not even if they are sponsored by their parents. If you are not a student and want to share a home please check out the information.

If you can demonstrate that you run a joint household on a long-term basis with your partner, you are eligible to rent as a couple. Both your names will be mentioned on the rental contract. In this case, you can combine both of your incomes to calculate your maximum rent.

House sharing
You can share an appartment with two bedrooms with another person such as a friend or colleague. We call this ‘house-sharing’. 

Do you want to rent out an apartment with two bedrooms and would you like to rent it together with your colleague, friend or sister? Vesteda rents out apartments to housing sharers. 

Would you like more information? Please check out here!