Tenancy Bond Management

With comfort and transparency

The fiduciary management of tenancy bonds means both securing the quality of a property portfolio and a customer service. The key factor is efficient and convenient processing, simple access to funds as required and comprehensive transparency at all times in discussions with the trustor. Aareal Bank provides three electronic standard procedures to manage tenancy bonds:

• As an integrated procedure in the BK01* modules of First Financial Software GmbH, where the processes concerning the tenancy bonds are fully integrated in the ERP partner system and interact with other system modules. This means, for example, that the tenancy bond module has access to a common master data management system.
• In a combination of management software and electronic banking, known as Aareal Account Tenancy Bonds. The application can be used immediately, is intuitively understandable and designed around the life cycle of a tenancy bond, irrespective of the software used for other administration purposes. Its features include the electronic creation of new tenancy bond agreements which are immediately available for incoming payments, an extensive, automatically fillable correspondence function, or the automatic interest calculator.

• Another of our tenancy bond management solutions, the KM module, offers similar benefits to Aareal Account Kautionen. This application is the perfect solution for managing tenancy bonds that are currently tied up in third-party bank accounts, and the multi-bank-enabled KM software module provides you with an up-to-date overview of these tenancy bonds at any time.

Aareal Bank Group processes naturally conform to the statutory provision regarding keeping lessor assets separate. This guarantees the option of a fiduciary account for each tenancy bond as well as the alternative option of a collective trust account for all tenancy bonds, which are also invoiced and receive interest on an individual basis. 

Decades of Aareal Bank Group experience in optimising housing industry processes through automated workflows have been integrated into our electronic tenancy bond management solutions. This generates added value in the administration of more than 2.5 million tenancy bonds by housing companies and property managers, property companies, funds and insurance companies: from setting up the bond to reminder notices as necessary, and interest-rate calculation, right through to final refund.

^{*The described BK01 solutions are products by First Financial Software GmbH, an Aareal Bank Group company.}