rental guarantee
solutions
Rental guarantee paid into a blocked account
This is the most common form of rental guarantee in Belgium. The tenant opens a dedicated account with his bank, into which he deposits the amount of the deposit requested by the property lessor. In exchange, the bank produces a certificate to be provided to the landlord when the lease is signed.
This account is blocked for the entire term of the lease, and can only be released by mutual agreement of the lessor and lessee at the end of the lease, or by court order.
The main banks in Belgium offering this dedicated rental guarantee account are listed here:
- Rental guarantee with Belfius bank
- Rental guarantee at ING
- BNP Paribas Fortis rental guarantee
- Rental guarantee with KBC Bank
It is also possible to pay these funds to Caisse des Dépôts using the e-DEPO rental guarantee service offered free of charge by the Ministry of Finance.
Complete our 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.
Bank guarantee
The rental bank guarantee is provided by the tenant’s bank. This is the bank that manages the account into which the tenant’s income is paid. The bank acts on behalf of its client, guaranteeing the tenant’s payment to the landlord.
This is in fact a form of rental guarantee loan. However, this loan is interest-free for the bank.
The bank cannot refuse to provide this guarantee to its customer on the grounds of solvency. In return, the tenant undertakes to reconstitute the full amount of this guarantee before the end of the initial term of the lease (maximum 3 years). The tenant must arrange to have his professional income paid into an account opened with the same bank.
If the tenant stops making regular payments to the bank to replenish the guarantee, the bank can demand that the guarantee be fully and immediately replenished. bank guarantee by the tenant.
Bank guarantee with the CPAS
The CPAS stands for Centre Public d’Action Sociale. There is a CPAS in every commune or town in Belgium, and all people who do not have sufficient means of subsistence can benefit from social assistance from the CPAS.
As part of the rental guarantee CPAS, if a tenant does not have sufficient funds, he or she should contact the local CPAS. The CPAS will help the tenant obtain a bank guarantee based on the CPAS’s commitment.
A certain proportion of the social housing stock in Belgium is managed by the Social Real Estate Agencies. These public agencies manage property owned by private investors for tenants who meet the means test for social housing assistance.
Guarantee indexed to an insurance contract
In the case of a guarantee taken out with an insurance company, the principle is simple: the tenant takes out a life insurance policy and pays into it the amount of the rental deposit. The broker who organizes the transaction issues a certificate to the landlord, assuring him that the rental deposit has been set up. The funds are blocked and invested in a life insurance policy. Interest capitalized on the investment is paid into the insurance policy.
The guarantee can only be released with the joint agreement of the lessor and the lessee, or by court order. When the rental guarantee is released, the lessee receives the capitalized interest.
The most common contract in Belgium is the Korfine rental guarantee.
Guaranteed by a guarantor
Bonding is possible as part of a rental surety property. The tenant’s surety may come from a close guarantor or a financial institution. The tenant can also obtain a guarantee from an individual, such as a friend or relative.
It is also possible to obtain a guarantee from an insurance company or financial institution.
In exchange for the guarantee, the tenant pays an annual premium indexed to the amount guaranteed. The huge advantage for the tenant is that he doesn’t have to block any funds to obtain the guarantee.
We offer this opportunity to obtain a online rental guarantee quickly and without blocking funds.
