The amount corresponding to the rental guarantee is blocked on a Raiffeisen savings account for the full term of the lease. When your lease terminates, the deposit can be released on receipt of a letter from the landlord.
However, if the landlord calls on the bank guarantee to cover any damage you may have caused, the contract stipulates that this is enforceable on first call.
People hoping to obtain state aid to fund a rental guarantee can submit an online application to the Ministry of Small Businesses, Tourism and Housing.
If you can present a letter of ministerial approval for aid for a rental guarantee, your Raiffeisen advisor will be happy to process your application.
Raiffeisen has branches all over Luxembourg so you will be able to find a branch or ATM wherever you are.
We are here to answer your questions and can put you in contact with the right people depending on your requirements.
