FAQ

VvE reserve fund, multi-year maintenance plan

VvE reserve fund
An Owners Association (VvE) is legally obliged to have a reserve fund. Large expenditures for maintenance can be made from the reserve fund, for example on the roof or on pipework. The money for the reserve fund must be in a separate bank account in the name of the HOA.

Minimum savings amount
On 1 January 2018, the Improvement of the Functioning of Owners' Associations Act came into effect. According to this law, a minimum annual reservation for the reserve fund is mandatory. This must be based on a multi-year maintenance plan (MJOP) or on the basis of 0.5% of the rebuilding value of the building. The VvE has 3 years to comply with this obligation to make a reservation.

Multi-year maintenance plan
What is a multi-year maintenance plan (MJOP)? An MJOP for an apartment complex specifies which maintenance must be carried out in which year and at what cost. The purpose of this is to spread the maintenance and costs over a number of years. An MJOP therefore accurately reflects the state of a building and which maintenance measures are required over the years.