Release rental guarantee
Korfine
The release of a Korfine rental guarantee generally takes place at the end of the lease, when the property has been returned and the accounts between the lessor and the lessee have been closed. This step is essential to enable the tenant to recover all or part of the blocked money.
When can a Korfine rental guarantee be released?
The Korfine rental guarantee can be released:
- At the end of the lease, after the inventory report,
- Or, more rarely, before the end of the lease, in the case of early termination by mutual agreement.
In all cases, release is strictly regulated by law. See our page on how the Korfine rental guarantee works to find out more.
The two possible release modes
1. Release with agreement of lessor and lessee
This is the most common case. The lessor and lessee must :
- Agree on the amount to be released,
- Sign the Korfine release form indicating the distribution of the sums.
Once the document has been completed and signed by both parties, the request is forwarded to Korfine for processing by the insurance company. You can download a PDF version of the Korfine guarantee release form ⬇️
2. Judgment-based release
In the event of disagreement between the lessor and the lessee, the guarantee cannot be released amicably. In this case :
- A court decision is required,
- The judgment specifies the breakdown of the amounts, and Korfine releases the guarantee in accordance with the judge’s decision.
An alternative to blocking funds
Complete our online rental guarantee form on Garantie.be in just a few hours. No money is tied up, as we commit our financial guarantee.
How does the procedure work in practice?
- End of lease and inventory report on departure
- Agreement between lessor and lessee (or judgment)
- Completion and signature of the release form
- Transmission of the file to Korfine
- Processing by partner insurer
- Payment of amounts according to agreed breakdown
How long does it take to get my money back?
The time required to release a Korfine rental guarantee varies according to the speed with which documents are sent and whether the release is amicable or legal.
In practice: with a complete file and an amicable agreement, release is often within a few days to a few weeks. However, it can sometimes take longer for certain cases requiring further information.
