Managing rental deposits economically
Rental deposits must be saved separately from the landlord’s assets in a trust account. This is already required by law. With the web-based solution from FIO Systems AG, you can manage rental deposits in a fiduciary collective account of the real estate company with legal certainty. Conveniently and transparently.
For housing associations, portfolio holders, property management companies
Here is an overview of the most important product features of our HCOB rental deposit management:
| Deposits are automatically allocated to so-called “virtual” sub-accounts |
| No need for individually managed trust or savings accounts |
| Interest calculation and capitalization for each individual virtual account |
| Automatically generated tax assessment notices for all current accounts and accounts settled during the year (at the end of the year) |
| Integrates into your processes and simplifies the management of rental deposits, franchise security deposits and other trust funds |
| No installation effort thanks to SSL-encrypted web access |
| Daily interest calculation at individual level incl. Disclosure of tax, interest and solidarity surcharge |
How does deposit management via fiduciary accounts work?
Stefanie Buhtz
Team Head of Cash Management Sales3 service levels for you
– Provision of virtual accounts to a collective account
– Recording of the beneficial owner
– Automatic allocation of transactions to the virtual accounts
– Automatic generation of payment slips and the list of outstanding items
– Automatic generation of dunning letters and dunning history at the touch of a button
– Processing of direct debits and return debits
– Automatic cancellation list
– Possibility of partial payouts and partial retention of settlement amounts
– Key date calculation of interest, withholding tax and solidarity surcharge amounts at virtual account level
– Posting overviews at virtual account level
– Automatic dispatch
– Comprehensive role system with detailed access rights management
– Extensive evaluation options
– Detailed audit-proof logging and historization of all processes
– Multi-client capable customer management
– Highest security standard for data transmission thanks to SSL-encrypted connection