Why accept an ImmoCaution® guarantee instead of a bank guarantee or a cash deposit?
ImmoCaution® insurance-rental guarantee surety sets new standards in the field of sureties for rental leases.
ImmoCaution® is as secure as a deposit or bank guarantee, but much easier to manage and therefore cheaper, because the analysis of the tenant's application and the ImmoCaution® application are done online.
As a lessor you benefit from numerous advantages and better security:
The Atradius ICP surety bond is reliably and easily guarantees cases where the tenant partially or totally defaults on his obligations under the lease contract, up to the insured amount.
Systematic analysis of the tenant
Many lessors consider a bank deposit as a sign of the tenant's solvency. And yet such a deposit indicates nothing as far as the tenant's payment behaviour is concerned.
On the other hand, with the ImmoCaution® solution, the guarantor Atradius Crédito y Caución S.A. de Seguros y Reaseguros analyses the tenant as a matter of routine before any acceptance is granted, which ensures you even greater security.
You reduce your administrative expenses – not your security.
ImmoCaution® replaces a bank guarantee, the traditional escrow account, cash deposits or life insurance on the rental guarantee.
The bond guaranteed by Atradius ICP, a leading insurer in Europe – offers you total security in your capacity as a lessor. It can extend beyond the end of the lease.
The ImmoCaution® product does not require a deposit, which could be seized by a creditor.
Here are the main features of the ImmoCaution® Residential product
|Insurer||Atradius ICP, a division of Atradius Crédito y Caución S.A. de Seguros y Reaseguros||Atradius ICP, a division of Atradius Crédito y Caución S.A. de Seguros y Reaseguros|
|Type of guarantee||Irrevocable guarantee on first demand pursuant to the law of 21st of September, |
2006 on rental leases.
|Irrevocable guarantee pursuant to the law of 20th of February, 1991 on ordinary residence rental leases|
|Validity of the surety||The surety ImmoCaution® bond is irrevocable; only the lessor can waive his guarantee.||The surety ImmoCaution® bond is irrevocable; only the lessor can waive his guarantee.|
|General Conditions||Download |
CG Luxembourg Residential
CG Belgium Residential
Advantages for existing leases
ImmoCaution® can also be taken out for current leases.
With ImmoCaution®, existing bank deposits can easily be converted into ImmoCaution® insurance. We support you in your dealings with your tenants - the absence of administrative expenses is not your only benefit.