In case of the damage, your landlord has a possibility to file a claim against you. This can happen only one time during the guarantee period in a maximum amount of the sum agreed in the guarantee contract. In case your landlord files a claim, your guarantee contract ends and you will have 7 days to pay the amount. After that if the claim is still unpaid, the sum is paid out to the landlord by Bailsman. Tenant's debt is handled by Bailsman.
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Your cash is not tied up with large security deposits, which are very rarely used.
Statistically, there are less unlawful claims by landlords if the cash is held somewhere else.
Get a response to your application within minutes.
Our fee is lower than most credit institutions would ask for a loan of the same amount.
Bailsman guarantees are provided by registered financial institutions, letting you sleep without a worry.