A monthly income and the deposit (standard 1 month's rent and service costs added together) are not always sufficient security for a lessor (owner of the property). That is why Verhuurtbeter.nl also asks whether you have a guarantor when you apply. This extra security sometimes makes the difference, allowing you to rent the house. The guarantor (deed of guarantee or deed of bail) is separate from the amount of the deposit.
A guarantor must be resident in the Netherlands or in the EU and sign a document in which he accepts joint and several liability for the obligations 'arising from the present tenancy agreement'. At the bottom of this page you can see an example of the Deed of Bail. If we need this security, we will mention it in the rental proposal. We will then record the Deed of Bail as a document to be signed by your guarantor.
A number of facts at a glance:
Anyone can be a guarantor. We prefer a family member;
One remains guarantor as long as there are financial obligations from the tenancy agreement;
It is not possible to terminate a guarantee during the five-year period;
A guarantor costs you and the guarantor nothing in advance;
From a guarantor we need: 1. personal details (name, address, date of birth, place of birth, current address, e-mail address and telephone number) 2. income details, 3. proof of identity and 4. a signed Deed of Bail. We collect this information as soon as it is required. Documents can be uploaded in the tenant's Premium account.
In principle, a guarantor has nothing to do with us or the owner of the property (lessor) as long as you pay the rent on time every month. Your guarantor will only be contacted if you fall behind on your rent.
If a guarantor is needed as extra security, a deed of bail will be drawn up and signed (per tenant).
Perhaps more importantly, you should know that the guarantor is liable for a maximum amount of €10,000 (ten thousand euros). And yes, that is quite a lot of money, but as stated earlier: as long as you behave properly, pay the rent on time and use the property for its intended purpose, this amount will never come into play.
Below are the contents of the Deed of Bail (Guarantee):
The following translation is made to understand the main features of the Deed of Warranties. No rights can be derived from this translation. The Deed of Bail to be signed by the parties shall be in the Dutch language.