BELFIUS rental guarantee comparison
Discover our guarantee service through a comparison with the BELFIUS rental guarantee.
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Digital subscription en 10 min
Complete and electronically sign your file online in just a few minutes
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Warranty certificate deadline en 2 heures
Once your application has been completed, you'll receive your guarantee certificate within a few hours.
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Blocking funds Aucun
No down payment, we guarantee your solvency to the landlord
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Fund remuneration Aucune
No funds paid out, so no remuneration of the amount guaranteed to the lessor
BELFIUS RENTAL GUARANTEE
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Paper subscription sur RDV
The application process requires an appointment with a branch.
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Warranty certificate en 2 heures
The agent will send the freeze certificate directly to the agency if the tenant and landlord are present and the funds have been paid.
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Constitution of the warranty par virement
Funds are transferred by bank transfer and then blocked until the guarantee can be released.
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Fund remuneration taux marché
Interest calculated at the market rate is capitalized on the guarantee's blocked account.
Discover the BELFIUS rental guarantee
The following paragraphs give you detailed information on the Banque Belfius rental guarantee.
General presentation of Belfius Bank
Banque Belfius is a bancassurer with local roots throughout Belgium.
Belfius Bank operates in three business areas in Belgium:
- Retail and commercial banking
- Financial services
- Insurance.
Belfius Bank has been active in public sector financing for 150 years and in retail financing for 50 years.
Belfius is a bank wholly owned by the Belgian state.
What is the Belfius rental guarantee?
The rental guarantee was introduced to protect landlords from tenant default and the risks associated with renting.
It is regulated by law, but not mandatory.
It is required in most residential leases.
To find out whether your rental lease is subject to a rental guarantee, simply read it and discover how the tenant’s commitments are guaranteed.
Rent law provides that the tenant’s guarantee can be provided by blocking a sum of money in a dedicated bank account.
The Belfius bank offers this service of opening an individualized bank account for the rental guarantee.
The individual account opened with the Belfius bank to hold the amount of the guarantee is in the tenant’s name.
It will be blocked until a prior agreement has been reached between the two parties to release the Belfius rental guarantee.
How does the Belfius rental guarantee work?
The funds blocked with the Belfius bank as part of the rental guarantee earn interest.
These are accounted for annually.
Can the Belfius rental guarantee be done online?
Belfius bank customers can make an appointment online with their branch to open a rental guarantee account.
Banking establishments are increasingly required to comply with due diligence rules when opening a bank account, but this does not yet allow them to offer fully digital underwriting when opening a rental guarantee account.
How long does it take to obtain a guarantee certificate from Belfius bank?
The rental guarantee can be set up as early as the agency meeting, as long as both tenant and landlord are present and the funds to be blocked are paid directly.
The agent will send the freeze certificate directly to the branch.
What is the difference between the Belfius rental guarantee and a bank guarantee?
The difference between a rental bank guarantee and a rental guarantee is that when a rental guarantee is set up, money is actually deposited. With a bank guarantee, this is not the case, but the bank guarantees the rental guarantee. A bank guarantee is not free for the tenant. In addition, there are different regulations depending on the region where the rental property is located.
Early release of the Belfius rental guarantee
It is possible to obtain a release of the rental guarantee, i.e. of the funds blocked in your Belfius bank account, before the end of the lease. To recover the funds blocked at Belfius under the rental guarantee, before the end of the lease or at the end of it, both tenant and lessor must go to a Belfius branch.
The guarantee may be released on the basis of the inventory offixtures on departure.
What is the difference between Myminfin e-DEPO and a Belfius rental guarantee?
The e DEPO rental guarantee service is offered by the Belgian administration via the Myminfin portal of the FPS Finance. The e DEPO application enables you to block funds with the Caisse des dépôts et consignations. The e DEPO service is therefore a public service, while the BELFIUS banking network is a private bank offering its customers the opening of an account in the tenant’s name and the blocking of funds on this account.
