Moving is one of the great events in most people’s lives. Quite a few even move several times in life. In addition to the physical stress and organizational stress, moving usually means a great financial burden.
In most cases, you will have to expect to pay double the rent (for the old and the new apartment) for a month or two. In addition to the costs for the actual move, there is also the deposit for the new apartment. However, this problem can be solved by a loan for bail.
How can you get a loan for bail?
There are several possibilities for that. The cheapest, as it is free of charge, is if you speak to the landlord and he will give you a loan for a deposit. The legislator has provided the option of paying the deposit in 3 installments. This means that there are no extra costs for you. Another alternative is to apply for a surety bond. With this method, a bank or insurance company guarantees the landlord the amount of the deposit. This means that you do not have to deposit the amount requested by the landlord and you gain financial leeway.
The prerequisite for this is, of course, that the landlord agrees. Instead of a deposit, you pay a small amount each year. A disadvantage of this method is the fact that the annual costs add up over time, especially if the tenancy has existed for many years. If you are unemployed or have Hartz 4, you can also speak to your service provider. In many cases you will pay the deposit. However, this does not apply to broker commissions.
Communication pays off
From the above, it is clear that there are several ways to get a security loan. However, it is crucial for success that you talk to the respective contact person in good time. The first point of contact is the new landlord. He must at least give you the opportunity to pay the deposit in 3 installments. You should note that the deposit is usually due when the rental agreement is signed. Better not trust the new deposit to be paid with that from the old landlord.
It may take some time before the deposit of the old apartment is paid. Waiting times of several months are not uncommon. If you receive ALG I or II, speak to your service provider as to whether and in what amount a deposit will be taken over. This saves you hassle and lengthy negotiations and you know in advance where you are and what you can afford.