
Deposit guarantee
If a tenant applies for a deposit guarantee, they receive a guarantee certificate, which they give to the landlord as security. With a deposit guarantee, the tenant can keep the deposit amount for themselves. Their credit balance and credit line with the bank therefore remain unaffected. The tenant can therefore continue to freely dispose of their money, which is an enormous advantage, especially when moving house or starting a business. The deposit is only payable if the landlord actually makes a claim on the guarantee. In this case, the guarantor first pays the money to the landlord, who then invoices the tenant for the deposit.
Eurokaution is the leading provider of deposit guarantees in Germany and has its headquarters in Hamburg. The company was founded in 2008 and is considered a pioneer in the field of deposit guarantees.
The guarantor for EuroKaution, Grundbesitzerversicherung VVaG, is a long-established Hamburg-based company. It has been offering insurance solutions for the real estate industry for over 100 years. It also works closely with the Haus & Grundbesitzerverein (House and Landowners' Association). The property owner insurance company is liable to the landlord in the private residential sector for up to three months' net rent, with a maximum deposit of €10,000, and in the commercial sector for a deposit of up to €30,000.
Your advantages as a landlord
The partnership between Garcia & Co Immobilien GmbH and EuroKaution also offers you enormous advantages as a landlord. Here are just a few of them.
- 100% security through a guarantee on first demand: If damage occurs, you will be paid the amount immediately.
- Additional security through prior credit checks on tenants: Only tenants with a positive credit rating receive the Eurokaution deposit guarantee.
- No tedious administrative work with deposit accounts: The guarantee certificate is simply added to the rental documents, and EuroKaution takes care of the rest.
- The deposit is available in full from day one: no more waiting around for the second and third installments!
Are you interested in finding out more? Please contact us, we will be happy to help you.
Financial flexibility as a tenant
easyKaution is a deposit guarantee for private tenants that covers rental deposits of up to €15,000. The tenant pays an annual fee for their easyKaution, depending on the amount of the deposit. As a modern form of rental security, easyKaution replaces the traditional rental deposit in the form of cash, savings accounts, or other forms of security. As a tenant, you keep your money and can continue to use it flexibly for your own purposes. An existing rental deposit can also be replaced by a deposit guarantee: you get your money back immediately when you hand over the guarantee certificate from EuroKaution to the landlord.
With easyKaution, you benefit in several ways:
- More money – Instead of tying up your money in a rental deposit account, it remains freely available to you.
- 100% security – EuroKaution products are backed by the property owner insurance company VVaG. For over 100 years, the Hamburg-based insurance company has been providing tenants and landlords with expert advice and support
Business deposit
The deposit guarantee for commercial rental properties With businessKaution, the deposit guarantee for commercial rental properties, you remain liquid as a commercial tenant. This gives you complete entrepreneurial freedom to use your capital where you really benefit. EuroKaution, in cooperation with Grundeigentümer-Versicherung VVaG, insures commercial rental properties such as law firms, medical practices, or office space up to a deposit amount of €30,000. An existing rental deposit can also be replaced by a deposit guarantee: you get your money back immediately when you hand over the guarantee certificate from EuroKaution to the landlord.
With businessKaution, you benefit in several ways:
- More liquidity – Instead of tying up your capital in a rental deposit account, it remains freely available to you
- More turnover – You can invest the additional liquidity you gain directly in your business and thus generate more turnover.
- 100% security – EuroKaution products are backed by the property owner insurance company VVaG. The Hamburg-based insurance company has been providing tenants with expert advice and support for over 100 years.