rental guarantee
KORFINE
The Korfine rental guarantee is a solution used in Belgium to set up a rental guarantee with blocked capital. It is based on a specific mechanism, different from a bank account, which relies on insurance companies.
Find out how the Korfine rental guarantee works and how to get your money back at the end of the lease.
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.
What is Korfine?
Korfine is aFSMA-approved insurance broker in Belgium. Korfine distributes insurance products for tenants and property lessors.
What is the Korfine rental guarantee?
Unlike a blocked bank account, the rental guarantee money is not deposited in a bank but placed in a capital guarantee insurance policy, legally blocked in favor of the lessor.
The lessee retains ownership of the capital, while the lessor benefits from security equivalent to a blocked guarantee.
How does the Korfine rental guarantee work?
The Korfine rental guarantee works in several simple steps:
- The tenant pays the rental guarantee to Korfine.
- Korfine invests this amount in a branch 26 capitalization contract with a partner insurer.
- The capital is legally blocked: it can only be released with the agreement of the lessor and lessee, or on the basis of a court judgment.
- The capital benefits from a guaranteed interest rate for the duration of the contract.
- At the end of the lease, Korfine releases the guarantee at the joint request of the lessor and lessee.
The rental guarantee is therefore duly constituted and blocked on signature of the rental lease with this trusted financial third party.
Contact Korfine Belgium
- Website: www.korfine.be
- Telephone: +32 (0)3 287 37 60
- Email : [email protected]
- Address: Korfine NV, Posthofbrug 6-8 b3, 2600 Berchem (Antwerp)
Is the Korfine rental guarantee an escrow account?
No, it’s important to indicate this.
The Korfine guarantee is not a blocked bank account, but a capital sum invested in a life insurance policy. This means :
- the capital is guaranteed by an insurance company,
- it is not covered by the bank deposit guarantee scheme,
- but it is legally accepted as a form of rental guarantee in all three regions of Belgium.
How do I release a Korfine rental guarantee?
The release of a Korfine warranty is possible:
- with the written agreement of the lessor and the lessee,
- on the basis of a judgment or court order.
The release of funds by Korfine is the subject of many user reviews posted on various online platforms. To view Google reviews, click on Google Korfine reviews.
