rental guarantee
KORFINE
KORFINE RENTAL GUARANTEE
The page below provides you with information about the rental guarantee with KORFINE. To get in touch, call Korfine at 056216182 or click on contact Korfine.
You are on the garantie.be website. We offer an online service enabling you to obtain a rental guarantee without blocking funds in the bank.
Here’s some additional information on the Korfine rental guarantee.
What is Korfine?
Korfine is a Belgian insurance broker with a strong presence in the Belgian real estate market. Korfine is approved by the FSMA and distributes insurance products for tenants and property lessors.
What is the Korfine rental guarantee?
Korfine offers a range of services for rental guarantees. As an insurance broker, Korfine offers tenants the option of placing their rental guarantee within a life insurance capitalization contract.
How does the Korfine rental guarantee work?
The tenant pays the amount of the rental deposit to Korfine, which issues a certificate to the landlord confirming that the rental deposit has been blocked. The rental guarantee is therefore duly constituted and blocked on signature of the rental agreement with this trusted financial third party.
What type of contract does Korfine offer?
The funds are invested in a life insurance contract distributed by the Korfine insurance brokerage firm. The Korfine contract offers a capital guarantee and an interest rate fixed at the start of the contract for 9 years.
How much does investing with Korfine pay?
The current rate offered by Korfine for this capitalization contract since July 1, 2019 was 0.10% of blocked funds per year.
What are the conditions for releasing the Korfine rental guarantee?
The conditions for release of the rental guarantee are the same as when the rental guarantee is held in a blocked account with a Belgian bank. Funds can only be released if the tenant and landlord agree jointly, or in the presence of an enforceable judgment. The joint agreement of landlord and tenant is usually negotiated on the basis of inventory of fixtures carried out by both parties.
