By Elisa
Unpaid rent guarantee insurance helps you in the event of non-payment or insufficient reimbursement of rent. It covers the legal and financial costs associated with the steps necessary to recover your property.
The borrowed lease guarantee: a financial defence tool
If you have a lengthy criminal record, this guarantee is an important tool to protect your savings. In effect, a borrowed lease guarantee entitles you to financial compensation in the event of a debt being incurred while protecting your mortgage.
This guarantee is issued by credit institutions and is often offered in addition to the loan. The conditions for obtaining it are often simple and fast. It is thus an option which can be taken into account to protect your savings.
If you are bankrupt and creditors are unwilling to put their hands on your property, a borrowed lease guarantee can help you convince potential buyers to buy your property at a lower price than would otherwise be the case.
What are the advantages of the unpaid rent guarantee?
The advantages of the guarantee for unpaid rent are numerous. Initially, this guarantee complements your home insuranceIt detects and regulates home-related claims - such as theft or fire - so you don?t have to pay additional costs. It detects and regulates home-related claims - such as theft or fire - so you don't have to pay additional fees. It also offers you the possibility to terminate your lease without notice. Finally, this insurance is often full-time and offers you a hotline to help you solve problems.
What are the terms of the unpaid rent guarantee?
The terms of the unpaid rent guarantee are often difficult to understand. In this guide, we'll look at the main terms of the tenancy agreement and which ones are likely to protect you.
Firstly, the unpaid rent guarantee covers unpaid rent for a minimum period of one year. To benefit from this guarantee, you must be the owner or tenant of the property and it must be registered in your name. If you are a tenant, your landlord may be obliged to provide you with an unpaid rent guarantee.
Secondly, the unpaid rent guarantee covers unpaid rent during a defined period of time. To benefit from this guarantee, it is important to respect certain conditions. For example, the unpaid rent must be calculated on the value of the property on the day of the application for the rental guarantee. If the rent exceeds the value of the property on the day of the application, the outstanding rent guarantee will not be granted.
In some cases, the unpaid rent guarantee can be extended to the whole country. For example, if the unpaid rent is established in France but the owner of the property is foreign, you can apply for an international rental guarantee.
Finally, the unpaid rent guarantee also covers attorney's fees and legal costs. If the landlord refuses to pay the unpaid rent or legal fees, you can contact a lawyer to assert your rights.
If you wish to apply for a rental guarantee, it is important to meet the following conditions:
- Check whether the accommodation is registered in your name. If the property is not registered in your name, it is possible that your landlord already has an outstanding rental guarantee;
- Respecting the minimum deadlines ;
- Request a copy of the documents justifying the unpaid rent and legal fees;
- Present a certificate of unpaid rental guarantee to your landlord.
The owner can be insured against the risks of unforeseen events in the lease or the consequences of the default of the intervener.
What is your reaction?
French (Canada) 
French (Belgium)