Rental Security Deposit

Rental Security Deposit

Context

If your customer wants to rent a house or apartment, he or she must provide a security deposit. By placing this deposit on a blocked savings account, neither the tenant nor the landlord can access it for the duration of the lease.

What

The KBC Security Deposit Savings Account is a savings account that is opened by the tenant and blocked in favour of the landlord. It serves as a security deposit for landlords, who are entitled to claim (part of) the amount stipulated in the lease if a tenant fails to meet all of his or her obligations under the lease.

  • The KBC Security Deposit Savings Account is completely free of charge.
  • Private individuals also qualify for tax relief.

Why?

As a real estate agent, you can make things easier for your customers by helping them in arranging a security deposit. This service has the added advantage of reducing your paperwork.

How?

KBC provides an API that you can integrate into your software. The landlord, tenant and rented property details that you already have are (after the tenant's approval) forwarded to KBC by this API.

KBC then sends an e-mail to the tenant with the prefilled data. By using the link in this e-mail, the tenant can immediately set up a security deposit. If required, the tenant can also take out property insurance. 

This service will be available from December 2019.

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