Rental guarantee
without a bank deposit
1 – You complete the form and accept the terms of our rental guarantee contract
2 – We validate your file within a few hours if you have provided all the information required.
3 – We automatically send the guarantee certificate to the landlord to cover your rental guarantee.
HOW IT WORKS
The tenant applies for rental guarantee online. The lessor receives the guarantee certificate the same day.
What is a rental guarantee?
A rental guarantee is a guarantee provided by a tenant for the benefit of the landlord under the terms of the lease. rental lease they sign together. This security enables the lessor to guarantee himself in the event of the lessee failing to meet one of his obligations under the lease contract.
Rental guarantees come in a variety of forms, as described below. We also explain how it works, and the maximum amount that can be claimed, depending on the region.
You can get your online rental guarantee very easily. There are several types of guarantees that tenants can request online. The most attractive offer is the guarantor package we offer on our site, which means you don’t have to block funds in a bank account.
What types of rental guarantee are there?
In Belgium, there are five ways to set up a rental guarantee. Each type of rental guarantee has its own characteristics:
- Blocked bank account The tenant pays the deposit into a blocked account that can only be accessed at the end of the rental lease or by court order.
- Bank guarantee : The bank acts as guarantor for the tenant, who must gradually replenish the deposit over a maximum period of 3 years.
- Bank guarantee via the PCSW : The CPAS helps tenants without sufficient resources to obtain a bank guarantee by acting as guarantor.
- korfine rental guarantee : The tenant takes out a life insurance policy in which the funds paid for the deposit earn interest until the end of the lease.
- Rental surety : A family member or financial institution acts as guarantor for an annual premium without tying up funds.
More detailed information on the different types of rental guarantee in Belgium
How does a rental guarantee work?
There are several stages in the rental guarantee process. The process is detailed as follows:
Constitution of the warranty
The tenant must first set up a rental guarantee. There are several ways of doing this, the main ones being :
- Make a security deposit in a blocked bank account
- Obtain a bank guarantee bank guarantee
- Obtaining a rental deposit from a guarantor
- Make a rental deposit
The amount of the guarantee required by the landlord is limited by law in Belgium. The housing code of each of the 3 administrative regions defines the legal limit on the amount payable for the rental guarantee.
Warranty certificate
Once the rental guarantee has been set up, the institution that establishes the existence of the rental guarantee produces a rental guarantee certificate, which is sent to the lessor of the rental property. This guarantee certificate certifies to the landlord that the tenant has set up a rental guarantee before signing the rental lease.
Using the rental guarantee
Blocked or bonded funds are used to cover financial commitments under the lease that the tenant has not honored. To obtain the funds or the bond, the lessor must first take legal action against the lessee and enforce the judgment obtained.
Release from rental deposit
The freezing of funds or surety commitments terminate at the end of the rental lease commitments. When the lease has expired and the lessor has no claim for unpaid rent, the release of the rental guarantee can be done.
How much is the rental guarantee?
The federal rules laid down in the Rent Act have been replaced at regional level in Belgium by specific legislation. In 2018 for Brussels and Wallonia, and in 2019 for Flanders, each region has defined its own rules for residential leases, and therefore for the amount of the rental guarantee.
The maximum amount legally authorized for rental guarantees varies from region to region in Belgium:
- For a rental guarantee in Brussels the amount payable by the lessor must not exceed 2 months’ rent;
- For a rental guarantee in Wallonia the maximum amount is also 2 months’ rent;
- For a rental guarantee in FlandersSince January 1, 2020, the landlord can demand up to 3 months’ rent.
What does the rental guarantee cover?
The commitments of the tenant covered by the rental guarantee are defined in the lease contract between the tenant and the landlord. The lease contract can be drafted in a number of ways, and may stipulate that :
The warranty covers all obligations
If the lease contract states that the rental guarantee covers“all the obligations” of the tenant, then all the commitments of the lease contract are covered by the guarantee. The lessor can use the guarantee to finance :
- Unpaid rent
- The rental charges unpaid
- Rental damage
- Any other unfulfilled financial commitment.
The rental guarantee is limited to rental damage
In some cases, the lease contract may limit the scope of the guarantee to rental damage only. The deposit provided by the tenant may therefore only be called upon to protect the lessor of the rented property against any damage caused by the tenant during the term of the lease. In this way, the lessor ensures that the lessee will be able to pay when damage to the rented property needs to be repaired.
In this case, the lessor will not be able to use the guarantee for non-payment of rent.
For more information, please consult this blog about the rental guarantee in Belgium.
How long does it take to obtain a rental guarantee?
The time required to set up a rental guarantee in Belgium depends on the type of guarantee chosen. See our article on time required to obtain a rental guarantee for detailed information.
The time it takes to obtain a rental guarantee in Belgium varies greatly depending on the type chosen: from a few hours for an online solution such as Garantie.be to several weeks for a traditional bank guarantee.
To obtain a rental guarantee in just a few hours, click on online rental guarantee form.
When is the rental guarantee payable?
The rental guarantee is one of the mandatory documents to be provided when signing a lease for a property. It is customary to provide the rental guarantee certificate before signing the lease, together with home insurance commonly referred to in Belgium as fire insurance.
If the rental guarantee is constituted by the payment of the sum into a blocked bank account, you will need to make the transfer several days before the planned date of signing the lease contract. This period will allow the bank to confirm that the amount has arrived on the blocked account and to issue the rental guarantee. The bank will then send the guarantee certificate to the lessor by post and/or e-mail.
What assistance is available to set up a rental guarantee?
There are several types of assistance available in Belgium to help you obtain a rental guarantee. These grants are reserved for people with insufficient financial resources.
Assistance is available at regional level in Belgium. Assistance from the Brussels-Capital region are mainly offered by the Fonds du Logement and the Fonds Brugal.
Early release of rental guarantee
It is now possible to obtain early release of funds blocked under the rental guarantee. To find out more about this new opportunity, please consult our page on rental guarantee release.
Find out more about our range of services and how you can get your money back from the bank. If you are at the end of your lease, the guarantee will be released on production of inventory of fixtures.
Obtaining a guarantor as a self-employed worker
On garantie.be it is possible to obtain a financial guarantor as a self-employed person. The process of checking the rental guarantee applicant’s file is not restricted according to the tenant’s professional status. Self-employed people can obtain a rental guarantee contract in just a few clicks.
