ImmoScout24 and SV SparkassenVersicherung have established a joint deposit guarantee solution. This complements existing options for securing rental deposits and aims to offer advantages to both tenants and landlords. The Deposit Guarantee+ enables tenants not to have to directly provide the usual deposit of up to three net cold rents as a cash deposit, thus freeing up capital.
For landlords, the Deposit Guarantee+ removes the need to maintain a deposit account, manage the sum, and settle it at the end of the tenancy. Instead, SV SparkassenVersicherung assumes the guarantee for the agreed deposit sum. In the event of a claim, landlords can assert the guarantee directly with SV SparkassenVersicherung upon first demand. This is a self-debtor guarantee, meaning that no prior recourse to the tenants is necessary.
Advantages for all parties involved
Dr. Gesa Crockford, Managing Director of ImmoScout24, highlighted that the Deposit Guarantee+ alleviates the burden on tenants during the often financially challenging moving phase, without compromising security for landlords. Tying up several thousand euros for a deposit restricts tenants' financial flexibility. The new solution provides a remedy here.
Ralph Eisenhauer, Board Member for Property/Casualty at SV SparkassenVersicherung, emphasised the strategic alignment of the offer with customer needs. He referred to SV SparkassenVersicherung's many years of expertise in insurance related to homes and underlined their role as a guarantor of security. ImmoScout24 contributes the integrated, fast, simple, and digital process. This collaboration enables a product that is beneficial for both tenants and landlords.
Processing and Functionality
The Deposit Guarantee+ can be concluded entirely digitally and within a short period. After successful verification, tenants receive access to a digital guarantee certificate, which they can provide to their landlords online. Landlords thus receive a digital guarantee certificate, which can be downloaded directly online after approval by the tenants.
- —Greater financial flexibility for tenants by making the deposit sum available in their own account.
- —Simplified administrative process for landlords, as a separate deposit account is no longer required.
- —High security for landlords through the guarantee from SV SparkassenVersicherung, which takes effect upon first demand.
- —Digital and fast conclusion of the guarantee solution.
Instead of a cash deposit, tenants pay an annual contribution to SV SparkassenVersicherung. Should the guarantee be legitimately claimed by landlords, SV SparkassenVersicherung will pay the agreed sum directly to the landlords. In this case, tenants are obliged to repay the corresponding amount to SV SparkassenVersicherung.
This Deposit Guarantee+ is part of ImmoScout24's service offering for private landlords, which already includes support services from setting rental prices and selecting applicants to legally reviewed tenancy agreements.
