Is the rental capitalization bond worth it?

Find out now if the capitalization title renting is worth it and see how it works!

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Do you want to rent a property, but you don't have a guarantor? A capitalization bond for rent can serve as a guarantee.

This product is often offered at bank branches. Those who end up purchasing one soon realize that it is not a good investment. After all, it is only adjusted by the reference rate.

However, the capitalization title for rent can be very useful.

If you want to understand more about the subject, continue reading. We will explain everything about it.

What is a capitalization bond?

First of all, it is important that you know exactly what a capitalization bond is.

Basically, the capitalization bond is a credit bond governed by the determinations of SUSEP (Superintendence of Private Insurance).

They have a set term. Those who purchase them can enter prize draws for cash prizes.

Due to the possibility of winning prizes, capitalization bonds have become common among people who aim to save money.

Every month (according to the agreed term) the bank will debit an amount from your account to acquire this title.

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What is a property rental capitalization bond?

The property rental capitalization bond works as a deposit.

When the owner rents a property, he needs to ensure that the tenant fulfills his part of the lease agreement, which is to pay the rent on time and maintain the property in good condition.

If the tenant defaults or fails to maintain the property, the owner may request redemption.

If there are no problems during the lease, that is, if the tenant complies with all obligations established in the contract, he/she may redeem the value of the security when the lease term expires, adjusted by the current reference rate (TR).

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How does the rental capitalization title work?

After visiting or choosing a property to rent, the tenant will express their interest in the property in question.

Thus, he can inform that he wishes to choose the capitalization bond for rent as a form of guarantee.

The title always has a fixed term, which can be up to 15 months. The capitalization title must be under the tenant's right.

The beneficiary of the title during its validity will be the owner of the property or the real estate agency.

It is important to remember that the full redemption of the capitalization bond value can only be made after the validity period.

If the tenant does not redeem the title, the title will be renewed with the same term as originally contracted.

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When is the capitalization bond for rent indicated?

The capitalization bond, as we said, is a good option for those who want to rent a property.

However, before deciding on this form of guarantee, it is important that you evaluate the scenario and conditions.

The capitalization bond is normally recommended for those who do not have a guarantor and do not want to incur the expenses of the surety contract.

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What are the advantages of the rental capitalization bond?

There are several advantages for a tenant to use a capitalization bond in their rent.

Among them, we can mention:

Less bureaucracy

The real estate agency or the owner must agree on the value with the tenant and contract the capitalization bond with a broker.

This process is relatively quick and is therefore recommended for those who want to speed up the process.

No guarantor required

Most of the time, it is not easy to get a rent guarantor.

And this is another reason why a capitalization bond can be advantageous for those who want to rent a property.

Hiring is simple and therefore there is no need to involve third parties during the process.

Does not require credit analysis

There is no need to prove income or go through the credit analysis process.

However, the landlord usually performs an analysis of the registration.

Even so, the capitalization bond is a good solution for those who have financial reserves to acquire the bond and do not want to ask anyone to be their guarantor.

Redemption of 100% of the invested amount

At the end of the contract, you will redeem the full value of the title.

However, if you request redemption before the deadline, some discounts may apply.

The property owner may only request the money to be recovered if he proves that the tenant has not fulfilled his obligations, that is, has damaged the property or is in default.

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What are the disadvantages of capitalization bonds for rent?

The main disadvantage is the high cost.

After all, at the time of hiring, it is necessary to pay the amount in cash.

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Why is a capitalization bond not worth it as an investment?

As you can see, the capitalization bond is a good option for those who want to rent a property.

In this case, the process is less bureaucratic and there is the possibility of participating in draws.

In addition, you will keep money saved, which can be withdrawn at the end of the rental period.

However, when it comes to financial investment, Capitalization bonds are not a good option – and we will show you why:

Yields less than savings

Savings, despite being safe, are far from being a financial investment for those who want to invest in the medium and long term.

However, the profitability of the capitalization bond is even lower.

Liquidity

Even if it is possible to redeem before the end of the term, this has some consequences, such as fines, which vary from 10% to 30% of the value of the title.

In other words, if you are looking for an investment with good profitability and high liquidity, there are better options, such as Tesouro Selic, fixed income funds and CDBs with daily liquidity.

How much does a capitalization bond cost for rent?

The prices of this product may vary depending on different factors, the main one being the rental price. However, it may also vary depending on the value of the property tax, condominium fees and the like. 

Generally, real estate agencies or landlords usually require a title with an average of 6 to 15 times the rental value.

To know exactly how much you will pay for a bond, you need to look for an insurance company or financial institution to run a simulation or request a quote.

The process is very personalized and requires information about you, your financial profile, property, etc. 

Only then will the company be able to present a plan that best fits your profile and meets your needs. 

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What is the difference between a bond and a capitalization bond?

A deposit is a guarantee that someone requires in a certain situation, for example, when lending money or renting a property.

It should serve as compensation in the event of default or damage to the rented property. 

There are different types of security deposits accepted in the real estate market, including the capitalization bond.

The difference is that you can choose an alternative that is more viable for your pocket.

For example, you can choose the cash deposit, known as a deposit, and pay for only 3 months.

The cash deposit cannot be paid in installments, but is equivalent to a maximum of 3 months' rent.

The title, in turn, is equivalent to at least 6 months of the rent, however, it can be paid in installments that do not harm your budget. 

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How do I redeem the rental capitalization bond?

If you wish to redeem your title, you must make a formal request to the company (insurance company or financial institution) where it is held. 

However, the property owner must authorize the redemption, as he must check that there is no default on the tenant's account up until the time the redemption is requested.

If you wish to make an early withdrawal, either as a tenant or owner, know that there are discounts.

The documents required at the time of redemption may vary according to the rules of each company, however, the main ones are:

• Landlord's ID and CPF;
• Lease and management contract;
• Request for release of deposit;
• Letter of guarantee;
• Real estate documentation (Copy of CNPJ card, copy of the person in charge's identity document, copy of the real estate company's articles of association).

Generally, after submitting the required documentation, you will need to complete a form provided by the insurance company or financial institution. 

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How does the Icatu Seguros rental capitalization bond work?

With the capitalization bond offered by Icatu Seguros, you can rent a property without needing a guarantor. 

There are different plans and you can choose one according to your goals. Icatu also pays monthly prizes in raffles.

Premium values usually vary depending on the plan purchased. Visit the Icatu Seguros website and see how to simulate. 

Mapfre

A Type of guarantee instrument offered by Mapfre can serve as a deposit for you to rent a property. 

Among the advantages and benefits it offers, we highlight: 

• Possibility to participate in 24 draws per year;
• No need for credit analysis;
• No bureaucracy;
• Dispenses with the presentation of personal documents upon hiring;
• Refund of 100% of the initial deposit amount updated by the Reference Rate.

You can purchase a Mapfre capitalization bond by email: [email protected].

If you wish, please contact us by phone: 11 5544 3256.

PortoCap Rental: capitalization bond for renting Porto Seguro

In addition to guaranteeing your rental, with the Porto Seguro title you have access to many benefits.

One of them is the monthly draws by the Federal Lottery. You can win a prize of up to 5x the value, depending on the plan you choose.

In addition, it offers free services to the rented residence, such as:

• Keychain;
• Electrician;
• Plumber.

Another benefit offered by Porto Seguro is access to the Clube Porto program. In this program, you can enjoy cultural events and exclusive discounts at events and establishments throughout the country. 

You can also get special discounts from the company's partner transport companies and thus make your move more economically. 

In Porto Seguro website You can run a simulation or request a quote. Click here to find out more! 

Bradesco rental capitalization bond

At Bradesco, the product is called Bradesco Rental Solution. With it, you can rent residential or commercial properties. 

In addition, you can also participate in cash draws in the Federal Lottery, just like all the previous options.

One of the differences of this service is that the property must be rented from a real estate agency accredited by Banco Bradesco.

The advantages can be enjoyed by the tenant, landlord and the real estate agency. In the case of the tenant, the advantages are:

• No credit analysis to hire;
• Monthly draws;
• Various assistance.

The real estate agency, in turn, makes rentals without bureaucracy and thus increases its client base.

In addition, it determines the guarantee value and also receives a commission for each contract closed. 

To purchase this product or find out more details, go to an accredited real estate agency. See the complete list of registered real estate agencies and discover the one closest to you. 

You can also ask your questions via the following email: [email protected]. 

There are still few institutions in the market that offer the capitalization title of rent, since this is not the best alternative to use as a guarantee, as it is an expensive product.

The options mentioned above are the main ones on the market and also the best.

Compare each alternative and see what the pros and cons of each are.

From there, choose the alternative with the most advantages, benefits and that also meets your needs.

If we compare it to other models of guarantor or deposit for rent, this alternative is not worth it. Opting for a surety bond or cash deposit may be a more viable alternative.

Search and compare to find out! 

Conclusion

Now you know how the capitalization bond for rent works.

In this article, you can see that this product, despite not being a good financial investment, is a good option for those who want to rent a property, but do not want or cannot look for a guarantor.