Overview
The deposit guarantee is for commercial leases only
If your letting agency agrees, Firstcaution guarantees the deposit for your offices and/or work premises and for your commercial leases, regardless of the amount involved. Every application is examined individually, according to strict parameters.
Basic product: commercial lease deposit
The full amount of the deposit is guaranteed. Your cash is freed up and you are free to make use of it (cash management, investments, or improving health and welfare benefits for the company’s employees, etc.).
Alternative 50-50 product: combined guarantee and cash deposit
Your guarantee is a combined cash deposit and guarantee. This option enables you to optimise your cash management, according to your requirements and cash flow.
The tenant pays an amount equivalent to 50% of the deposit amount specified in the lease agreement into a blocked Firstcaution account; the remaining 50% is insured by Firstcaution according to the standard deposit guarantee model.
Individual risk assessment
Firstcaution guarantees professional customers that their application will be examined on an individual basis. Taking quantitative parameters, such as the number of years the company has been in business and its financial ratios into account, along with qualitative ones, such as our assessment of the management team and the ratings awarded to the factors under consideration, will enable us to set a “tailor-made” premium rate for each application.