Leasehold is a legal right that allows you to use land owned by someone else, typically the municipality, for a long period of time. In Amsterdam, this is a common arrangement. The leasehold is tied to the property (the land), not to the person using it. As the leaseholder, you have nearly the same rights as a full owner during the term of the lease.
In exchange for the right to use the land, you pay a yearly fee known as “canon” to the landowner. This canon is tax-deductible in most cases. Understanding the specific conditions of leasehold is essential before buying property in Amsterdam, as it can affect your long-term costs and resale value.
