The treaty of Senlis in 1493 ended the war with France.

In the following year, after his accession to the imperial throne, Maximilian retired to his ancestral dominions in Germany, and his son, Philip the Fair, took in his hands the reins of government.

The young sovereign, who was a Netherlander by birth and had spent all his life in the country, was more popular than his father; and his succession to the larger part of the Burgundian inheritance was not disputed.

He received the homage of Zeeland at Roemerswaal, of Holland at Geertruidenburg, and seized the occasion to announce the abrogation of the Great Privilege, and at the same time restored the Grand Council at Mechlin.
In Utrecht the authority of Bishop David of Burgundy was now firmly re-established; and on his death, Philip of Baden, an obsequious adherent of the house of Austria, was elected.

These results of the pacification carried out so successfully by Duke Albert had, however, left Maximilian and Philip deeply in debt to the Saxon; and there was no money wherewith to meet the claim, which amounted to 300,000 guilders.
After many negotiations extending over several years, compensation was found for Albert in Friesland.