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Old 20.01.2013, 01:23
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Re: SwissCaution - the apartment deposit lenders thread

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Most of the administrative work for SwissCaution is with the tenant and the landlord receives the certificate of guarantee. The turnaround time can be very quick.

The rental surety account was the norm until the deposit insurance programs came into place. The application form is not complicated but requires original signatures from both parties and some banks seem to take a very long time to process this.

You can always switch a Swiss Caution deposit guarantee to the rental deposit at a bank. The tricky part is doing this before the end of the year as the premiums are paid annually.

Some will argue that to tie up CHF 9,000 in an account that earns practically no interest makes no sense. Others will tell you that the premiums for deposit insurance on this amount are very high.
With Swisscaution, the registration fee is CHF 231 and the annual premium (for CHF 9,000) is CHF 493.50.

If you are in the midst of moving locally, sometimes deposit insurance is the only solution until the first deposit is returned.
Thanks for that Mrs D, logical, clear and concise... like I said good and bad relocators.

Unless the landlord has a real problem, we will most likely go down the SwissCaution route initially, then switch when the deposit from our current apartment is returned
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