A rent guarantee is an amount of cash requested by the lessor or owner of a house to avoid possible unpaid bills or damage caused by the tenant. Usually, accommodations contract (or lease contract) carries a rent guarantee in its clauses. However, it’s possible – but very rare – that the contract does not require one, for example for parking spaces or garages. Regulations provide that sum represents a maximum of 3 months’ rent. Here too it is possible – but again very rare – that the amount is lower, which can occur in a few regions. This rent guarantees can be studied out with a surety company or can simply be made by a deposit of the total amount fixed by the rental agreement into a bank account.
He reason for this article is to expose you to the advantages and disadvantages of the two types of rental guarantee. During signing the lease for the apartment or house of your dreams, this is a question that will surely arise. We’ve listed the characteristics of each kind of rental guarantee to help you make your choice.
Rental guarantee without bank deposit via insurance or a specialized company?
It is apparent that if it is impossible that you can subscribe to a rental guarantee by bank deposit, if you want to keep your money designed for other projects or if your previous rental guarantee is still blocked on the bank account as part of your previous rental, the “rental guarantee without bank deposit” option is the perfect solution. For more detail please visit, mietkaution
Please note that not absolutely all landlords accept rental guarantees via an insurance provider or a specialised company: some need you to open a merchant account with a bank. Similarly, a landlord may only accept certain companies rather than others. Therefore, we help you to ask your manager or landlord which method and recognise the business they are likely to accept for your rental guarantee.
The principle of the rental guarantee is to insure the possible unpaid rent or damage caused in the accommodation. Which means that in case of a successful dispute, the guarantee company will first compensate the landlord and then ask you to reimburse the sums involved? In other words, you take out “insurance” that protects the landlord.
The steps to secure a rent guarantee are not at all hard and quick by using surety companies. A short obtain a rent guarantee can be produced on the Internet by filling in a form. This enables you to acquire without further delay the rental guarantee certificate necessary to complete your rental file. Quite simply, the procedures are simplified whenever you can.
Lastly, the effect on your financial budget. Monthly, the expenses related to the security deposit contract are relatively low. However, if you accumulate each of the premiums over the future, for example over many years, the sums can be so high that it could be worthwhile to review the rental guarantee by bank deposit.
Bank rental guarantee account?
f you’d like to consider a rental guarantee deposit, there are a variety of points to notice. Firstly, the rental deposit account is opened in the name into the future tenant(s). The lender will then issue a certificate of the opening of the rental deposit account to get to the landlord. This account can be cost-free, which is often the case if your private account has been opened at the same bank.
He amount of the rental deposit is blocked in the bank for the complete duration of the rental agreement. The realisation of accommodations guarantee per deposit account is performed at the lender after approval by the lessor. Indeed, if you are not in good standing with your payments, the landlord can, on presentation of a legal document of formal notice, recover the unpaid amount out of this account. If a dispute arises between you and the landlord, the landlord may not consent to release your money for a period of up to one year after the end of the lease.
To be able to effectively choose the lender where you can open your rental deposit account, you will therefore need to pay attention to the administrative costs: opening costs, closing costs, etc. You will also be able to recover the eye upon this account, even if it’s currently suprisingly low.
You will have a concept of advantages and disadvantages as well as the characteristics of each solution and the points to consider when you remove your rental guarantee. It remains for all of us to indicate that it’s entirely possible to improve the sort of rent guarantee (in a bank or not) during the lease. To make the most suitable choice, we invite anyone to take a look at our comparative tables “guaranteed rent without deposit” and “guaranteed rent bank deposit” to easily and quickly select the best possible provider that corresponds to your needs.