THE BANK GUARANTEE rental
-A-employment or tenant who has not about him someone who could stand bank guarantee is sometimes seen demand a bank guarantee. This is a significant sum, representing one or two years of rent on a blocked bank account throughout the term of the lease. The tenant must not only make an advance of money, plus the security deposit of two months, but the bank charges its operating expenses without paying the amount so blocked.
regulation: this practice is not illegal and has been validated (Court of Appeal of Paris, Room B, October 13, 1995).
What to do? Negotiate the lowest possible blocked deposit at the bank and request that it be paid. Isabelle Rey-Lefebvre
Most tenants are covered by a surety company that their pledge to pay the rent. If this is not the case, the landlord may require a bank guarantee to ensure payment of rent. The Tenant must provide the signature of the contract, a bank guarantee from a bank in France.
The bank security is generally an amount equivalent to 12 months of rent and may be renewed if the tenant extends stay. The duration of this bank security is that of the contract. She then stops when the tenant leaves.
A bank guarantee has a cost. The bank charges the service between 0.5% and 3% of the amount blocked plus a lump sum fee (€ 100-200). The money blocked, in turn, is placed and can relate interest in safety.
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