"Fianza" upon apartment rentals

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"Fianza" upon apartment rentals


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Old 2nd February 2009, 11:37 AM
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Users Flag! Originally from brazil. Users Flag! Expat in canada.
Default "Fianza" upon apartment rentals

Hello,

I am about to rent an apartment and I would like to confirm what a "fianza" is.

As far as I am concerned it is a guarantee that the agreed rental will be paid to the landlord monthly/weekly/etc. Once the contract is over you get that money back.

Am I right?

Thank you very much!

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Old 2nd February 2009, 12:01 PM
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It's a deposit. MAKE SURE it's deposited into a bank account and registered as such.

It's also to ensure that any imperfections you may cause are covered. You should get it back IF everything is OK - But I'm aware of cases where the fianza disappeared.

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Old 5th February 2009, 06:13 PM
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Cheers Chris!

I ended up renting a place around the Pacífico metro. The landlords were pretty nice and the fianza will be deposited as such and will be given back to me after a yrs contract (should there be no damage).

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