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What is a Landlord and Tenant Security Deposit Bond?
Tenant's and landlord’s can agree to set aside a security deposit or bond as an amount of money paid by the tenant that is held by the landlord for any damages incurred in addition to other guarantees such as bank guarantees. The more someone pays, typically means they will be better off if anything should happen without having to go through court proceedings. This bond covers FL state statute 83.49(c) which can be read here: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0083/Sections/0083.49.html
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Protect your property with a security deposit bond.
Swiftbonds is the leading provider of landlord and tenant security deposit bonds in Florida. We offer FL landlords and tenants peace of mind by guaranteeing their deposits are protected against loss or damage to the rental property.
If you’re looking for a way to protect yourself as a landlord, or want to make sure your tenant has protection if they need it, Swiftbonds is here for you! Get started today!
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Why is the FL – Landlord and Tenant Security Deposit Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence.
How does a FL – Landlord and Tenant Security Deposit Bond work?
Getting a FL – Landlord and Tenant Security Deposit Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied.
How much does a FL – Landlord and Tenant Security Deposit Bond cost?
FL – Landlord and Tenant Security Deposit Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a FL – Landlord and Tenant Security Deposit Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds.
How to get your FL – Landlord and Tenant Security Deposit Bond?
Would you like to know the first step in getting your FL – Landlord and Tenant Security Deposit Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying.
