Understanding the types of guarantees accepted when renting apartments

When renting a property, one of the most important steps is choosing the type of guarantee that will be provided to the owner as a way to ensure compliance with the obligations of the lease agreement. In this article, we will explain the main types of guarantees accepted when renting apartments , such as guarantor, insurance bond, capitalization bond and deposit, and we will help you understand which option may be the best for your situation. Also, don't forget to check out Citas to find apartments in downtown São Paulo and get more information about renting and guarantees.

Guarantor

A guarantor is a person who takes responsibility for the tenant's obligations if the tenant is unable to pay the rent and other expenses stipulated in the contract. This is one of the most traditional forms of guarantee, but it can be difficult to find someone willing to take on this responsibility. In addition, the guarantor must generally own a property that is paid off and registered in his or her name in the same city as the rented property.

surety bond

A surety bond is a contract signed between the tenant and an insurance company, which guarantees the payment of rent and other expenses provided for in the lease agreement in the event of default. This option eliminates the need for a guarantor and can be faster and less bureaucratic. However, the cost of the surety bond can be higher, usually ranging from one to two months' rent per year.

Capitalization title

A capitalization bond is an investment made by the tenant in a financial institution, which acts as a guarantee for the landlord. The amount invested, usually equivalent to a few months' rent, is blocked during the lease period and is returned to the tenant at the end of the contract, if there is no default or outstanding debts. The tenant can also compete for cash prizes during the term of the bond.

Security deposit

The security deposit is a cash guarantee given by the tenant to the landlord at the beginning of the lease. The amount, which usually corresponds to three months' rent, is returned to the tenant at the end of the lease, provided there are no outstanding debts. However, the security deposit can represent a higher initial cost for the tenant, who needs to have a considerable amount available at the beginning of the lease.

Conclusion

The type of guarantee you choose will depend on your needs and financial situation. Evaluate each option and consider aspects such as costs, bureaucracy and ease of obtaining before making a decision. Furthermore, it is important to remember that guarantees are intended to protect both the owner and the tenant, ensuring that both parties fulfill their contractual obligations.

When looking for apartments to rent, consider Citas as an alternative to finding properties in downtown São Paulo. Citas offers a wide variety of options and can help you choose the most suitable guarantee for your situation, making the rental process simpler and safer.

Now that you understand the different types of guarantees accepted when renting apartments, you can feel more confident when choosing the best option for you. Remember to research and compare the guarantees available on the market and, whenever possible, seek guidance from specialized professionals to make the best decision.

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