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Month: May 2019

Free Bail

Free Bail

Better protection guarantor On the proposal of Mrs. Freya Van den Bossche, Minister of Consumer Affairs, and Mrs. Laurette Onkelinx, Minister of Justice, the Council of Ministers approved a draft bill on the free bail.   Bail today People guarantee family members or friends without properly assessing the far-reaching financial consequences. For example, today it is possible to guarantee yourself unlimited in time or amount. Moreover, the guarantor is often not well aware of what awaits him and he is…

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Bonding: a new flexibility for the lessor

Bonding: a new flexibility for the lessor

FACTS As a result of a guarantee commitment given as security for the repayment of a loan, the act is called into question when the surety is called upon to pay. The court of appeal pronounces the nullity of the deed of guarantee, by applying to the letter the article L. 341-2 of the Code of the consumption (become article L. 331-1). According to her, the undertaking had to reproduce the solemn, handwritten form imposed by law, and be followed…

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Bail bond, what is it?

Bail bond, what is it?

Those who want to rent a property need to know that some measures have to be taken before, so that there is no problem for both the tenant and the owner. It is necessary, for example, some guarantee of receiving the rent. For this, one of the options present in the market is the surety bond, an alternative that waives guarantor and deposit bond. Lease bond insurance The use of this type of insurance, as a guarantee of rent, has been growing in the…

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