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VvE explained / The basics

The MJOP explained

A multi-year maintenance plan shows what maintenance is coming and how much your VvE needs to save for it. Here's what the law says.

A roof, window frames or a lift don't last forever. With a meerjarenonderhoudsplan (multi-year maintenance plan), or MJOP, you see in good time what needs to be done and what it costs. That keeps owners from suddenly getting a large bill.

What is an MJOP?

An MJOP is a schedule of maintenance on your building's shared parts for the coming years. For each element it shows when maintenance, repair or replacement is needed and roughly what it costs.

What does the law say?

Every VvE must keep a reserve fund for costs other than the regular yearly costs (article 5:126(1) of the Dutch Civil Code, BW). For a building that is (partly) residential, the law sets a minimum yearly contribution (article 5:126(2) BW). It is at least:

  • the amount from an MJOP adopted by the owners' meeting; or
  • 0.5% of the building's rebuild value.

If your VvE uses an MJOP, the same provision says the plan must:

  • be adopted by the owners' meeting;
  • be no more than five years old;
  • cover a period of at least ten years;
  • include the necessary maintenance and repair work and planned renewals;
  • include a cost calculation, with those costs spread evenly over the years.

A worked example of the 0.5% rule

Say your building's rebuild value is €2,000,000. The minimum yearly contribution is then 0.5% of that: €10,000 per year for the whole VvE. How that amount is divided among the owners depends on the cost division in your deed.

Note: 0.5% is a legal minimum, not a guarantee that it is enough. An MJOP gives you a better picture of what your building really needs.

Where is the money kept?

For residential buildings, reserve fund contributions are in principle held in a separate current or savings account in the VvE's name (article 5:126(3) BW).

Getting an MJOP made

An MJOP can be drawn up by an expert who inspects the building. The owners' meeting then adopts the plan. Plan an update within five years at the latest, otherwise the plan no longer meets the legal requirement.

Source: Dutch Civil Code Book 5, title 9 (apartment rights)

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