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The Bank Guarantee For Rent is a crucial document in the Belgian rental market, used when a tenant needs to provide security for a lease but prefers not to lock up a cash deposit. This arrangement is specifically regulated under Belgian law, which limits the guarantee amount to 2 months' rent for social housing and 3 months for private housing. The document becomes necessary when entering into new lease agreements or when tenants prefer a bank guarantee over a cash deposit. It includes detailed provisions about the guarantee's establishment, the conditions for calling upon it, and its release, all in compliance with Belgian Civil Code Article 10 of the Residential Lease Law and the Law of April 25, 2007. The guarantee serves as security for any damage or unpaid rent during the lease term, providing protection for landlords while offering tenants a more flexible alternative to cash deposits.

1. Parties: Identification of the Bank (Guarantor), Tenant (Principal), and Landlord (Beneficiary) with full legal details

2. Background: Reference to the underlying lease agreement and the requirement for a rental guarantee

3. Definitions: Key terms used in the guarantee, including 'Guaranteed Amount', 'Lease Agreement', 'Guarantee Period'

4. Guarantee Amount: Specification of the guarantee amount (maximum 2 or 3 months' rent as per Belgian law) and currency

5. Terms of the Guarantee: Duration of the guarantee, typically linked to the lease term plus a specified period after lease termination

6. Conditions for Payment: Circumstances under which the bank will pay the guarantee to the landlord, including required documentation

7. Release Conditions: Conditions and process for releasing the guarantee, including mutual consent requirements

8. Bank's Rights and Obligations: The extent and limitations of the bank's obligations under the guarantee

9. Governing Law and Jurisdiction: Confirmation of Belgian law application and competent courts