Terms used when buying a house in Amsterdam
Learn the terms that appear in property documents, cost estimates and purchase conditions before you assess a home.
Words you will see in a purchase file
Purchase price
The amount buyer and seller agree in the purchase contract. Your mortgage and own funds must cover that amount and the other purchase costs.
Buyer costs
A broad term for certain costs paid by the buyer around a purchase. Which items apply depends on the home, financing and intended use. See the cost of buying a house in Amsterdam.
Owners’ association
The owners’ association manages shared parts of an apartment building. Its contribution, budget, minutes and maintenance plans show recurring costs and possible work.
Leasehold
A right to use land and a home under the landowner’s conditions. In Amsterdam, check ground rent, the period, buyout and transition. The municipal explanation of leasehold when buying helps you collect the right records.
Financing condition
A contract condition that can give the buyer room when financing does not come through. The wording and deadline belong to your purchase contract. Discuss them before signing.
This website provides general information. Confirm important decisions with qualified sources or professionals.