FORTIS rental guarantee
Presentation of BNP Paribas Fortis bank in Belgium
BNP Paribas Fortis is one of Belgium’s leading banks. It offers a wide range of banking services to individuals, from current accounts to investments, credit and insurance. The BNP Paribas Fortis branch network offers services such as rental guarantee.
What is the Fortis rental guarantee?
The Fortis rental guarantee is an escrow account specially opened to cover the tenant’s obligations to the landlord. It is a form of deposit where the tenant deposits a sum of 2 to 3 months’ rent, which is frozen for the duration of the lease. The purpose of this scheme is to protect the landlord against unpaid rent or damage to the property.
Complete our online form to obtain your rental guarantee in just a few hours. You don’t block any money, because we work like a bank rental guarantee.
How does the Fortis rental guarantee work?
The tenant opens a specific account in the landlord’s name, but with his or her own funds. Once the amount has been paid in, the account is blocked and a rental guarantee certificate is issued, certifying that the funds cannot be released without a joint agreement between the lessor and the tenant. This security deposit remains valid until the end of the lease, or until released in advance with proof.
Can I take out a Fortis rental guarantee online?
Yes, BNP Paribas Fortis offers a partially digitalized procedure. For existing customers, an application can be submitted via the mobile app or the online customer area. However, the signing of certain documents or the sending of the lease may require follow-up at the branch, particularly for a first application.
How long does it take to set up a rental guarantee with Fortis?
The time taken varies according to the responsiveness of the tenant and the completeness of the file. In general, a rental guarantee can be set up in 2 to 5 working days, but it may take longer for new customers or if documents are missing.
What is the difference between a Fortis rental guarantee and a Fortis bank guarantee?
The Fortis rental guarantee is a blocked account with funds deposited by the tenant. The Fortis bank guarantee, on the other hand, is a written commitment from the bank to the landlord, covering the tenant without an immediate cash deposit.
The latter is less common, often used for business profiles or professional housing, and generally requires a credit analysis.
How can I unlock the Fortis rental guarantee in advance?
For release a rental guaranteethe bank must be provided with a document signed jointly by the tenant and the landlord, confirming their agreement to close the account. Without this mutual agreement, the funds will remain blocked until the contractual date or until a court order is issued.
