With Keyhole Guarantee, the tenant replaces the payment of a cash deposit and any prepaid rent with a guarantee.
A Keyhole guarantee covers you as a landlord in case the tenant cannot meet their obligations upon move-out. In return, you make the rental property more attractive in the market as the tenant does not need to provide and deposit cash.
Furthermore, you get increased security, as all Keyhole customers have undergone a thorough credit check, including:
- Tenants must be over 18 years old and be a Danish citizen or holder of a permanent residence permit.
- No payment remarks in The Danish Credit Registry (RKI) or Debtor Register (Debitor Registret).
- Having sufficient disposable income for the upcoming rent, based on the guidelines of the Danish Financial Supervisory Authority (Finanstilsynet).
With Keyhole Guarantee, you can achieve maximum security with a guarantee equivalent to up to 6 months' rent, without burdening the tenant with a large capital requirement. This makes your rental property more attractive in the market, thereby reducing the risk of vacancy.