Amsterdam Slams HiCondo Over Student Rent Abuse | Amsterdam News

Amsterdam’s city council has slapped a student housing giant, HiCondo, with a four-week ultimatum to slash illegally high rents or face hefty fines—potentially hundreds of thousands of euros. An investigation revealed systemic overcharging targeting hundreds of students, many international, with rent prices far exceeding legal limits. Officials used national housing data to confirm the violations, sending a clear message: exploiting vulnerable tenants won’t be tolerated. Housing alderman Zita Pels warned that new laws empower the city to act swiftly against exploitative landlords. This isn’t HiCondo’s first rodeo—they were fined €45,000 earlier this year for fake service charges and inflated security deposits, with some tenants paying nearly €3,000 upfront and monthly rents hitting €800+. A tenant group even filed a criminal complaint against a manager for faking invoices. City officials urge students to report suspected overcharges and verify rent calculations before signing new leases. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ad8f05fca383414d