Rental Guarantee in Belgium
Korfine Rental Guarantee:
How It Works, Contact Information, and Alternatives
Korfine is an FSMA-licensed insurance broker that offers a rental guarantee through a Branch 26 life insurance policy. Everything you need to know: how it works, how to contact them, and what alternatives are available.
Overview
What is the Korfine Rental Guarantee?
Korfine SA is a Flemish insurance broker based in Kortrijk that has been active in the Belgian rental guarantee market for decades.
Legal Status
Insurance broker licensed by the FSMA (Belgian Financial Markets Authority)
Product Type
Guaranteed-Principal Life Insurance Policy — Class 26 (Capitalization)
Partner Insurers
N.V. Patronale Life, Federale Verzekering, VOL, N.V. CREDIMO
Validity
Legally recognized in all three regions: Brussels, Wallonia, and Flanders
Please note: Korfine does not hold the funds directly—the capital is invested with a partner insurer under a capitalization contract. The tenant remains the owner of the capital, and the landlord is designated as the beneficiary. The funds are legally frozen for the entire term of the lease.
Mechanism
How does Korfine work?
Three steps to set up your rental guarantee through Korfine.
Agreement with the Landlord
The amount of the security deposit is set (2 or 3 months’ rent, depending on the region). A settlement form is completed and signed by both parties.
Transfer of Capital
The tenant transfers the amount via bank transfer to a Korfine account. The funds are invested in a Branch 26 insurance policy.
Certificate Issued to the Landlord
Korfine issues an official certificate to the owner, who enjoys a level of security equivalent to that of a frozen bank account.
Official Contact Information
Contact Korfine directly
If you have any questions about your contract, a wire transfer, or the release of a security deposit, please contact Korfine SA directly.
General Contact Information
Specialized Services
Release of Security
vrijgaves@korfine.beComplaint Management
klacht@korfine.beTo request the release of a guarantee, be sure to attach the form signed by both parties to your email.
Objective Analysis
Benefits and Limitations of the Korfine Warranty
✓ What Korfine Does Well
- Recognized throughout Belgium —homeowners and real estate agencies have been familiar with the Korfine certificate for decades
- Guaranteed principal — funds invested in Branch 26 benefit from a guaranteed rate of return, with no risk of loss of principal
- Capitalized interest — the tenant recovers their principal plus accrued interest at the end of the lease (provided there is no damage)
- FSMA-authorized — robust regulatory framework, supervision by the Belgian financial authority
✗ Limits You Should Know
- Fully locked-in capital — the tenant must have the full amount available from the start (2 to 3 months’ rent)
- No bank deposit guarantee — unlike a bank account, Korfine funds are not covered by the deposit insurance system (up to €100,000)
- The process of vacating the property can sometimes be slow —if there is a disagreement at the end of the lease, the process may be prolonged if the two parties cannot reach an agreement
Are you looking for an alternative?
Rental guarantee without tying up capital
Korfine requires you to pay the full amount up front. If you do not have that amount available, garantie.be offers an alternative solution: the guarantee is issued without requiring you to tie up any capital.
garantie.be
NO LOCKUP- No capital to tie up
- Certificate within 24 business hours
- 100% online, application takes 10 minutes
- FSMA-Licensed — Insurance Broker
- Valid in all three Belgian regions
Korfine
- Capital Fully Locked Up
- Total amount required at the outset
- Guaranteed principal + interest
- Highly popular with homeowners
- No bank deposit guarantee
Frequently Asked Questions
What Renters Are Asking for on Korfine
No, even though the term “Korfine blocked account” is commonly used. Legally speaking, it is a life insurance policy (Branch 26), not a bank account. The funds are invested with a partner insurer; they are not held by Korfine itself. Learn more about this distinction.
When the keys are handed over, the landlord and tenant fill out the Korfine move-out form together, sign it, and send it to vrijgaves@korfine.be. In the event of a dispute, the move-out process requires a court order. See the complete move-out procedure.
In principle, no. Korfine is a legally recognized form of rental guarantee in all three Belgian regions. A landlord cannot legally refuse a form of guarantee recognized by law. In practice, Korfine has been well known to real estate agencies and landlords for decades.
If you do not have the necessary funds to set aside, there are alternatives: a bank guarantee (replenished in monthly installments through your bank), assistance from the CPAS for those in financial distress, or online solutions such as garantie.be, which issue a guarantee without requiring you to set aside any funds.
No. Korfine is an insurance broker that manages Branch 26 insurance policies—the tenant must pay the full amount. garantie.be is a separate online service that issues a rental guarantee without the tenant having to tie up any capital: garantie.be acts as the guarantor. Both are FSMA-approved.
Related Pages
Additional Information About Korfine and the Rental Guarantee
Get your rental guarantee in just a few hours
No funds tied up, no appointments, no need to go anywhere. 100% online at from your smartphone. The certificate is sent directly to your landlord.
Find out how it worksFSMA-Licensed Broker · Compliant with Belgian law · Accepted by Belgian lenders