Bill Gray – The Landlord Doctor

Insider Advice on Collecting Tenant Debt and Screening Tenants

Posts Tagged ‘Surety’

Tenant Surety Bonds: Do They Affect How Previous Tenants Pay After They Move Out?

Posted by Bill Gray on August 31, 2009

[tweetmeme source=”your_twitter_name” only_single=false http://www.URL.com%5DAs with all of my articles, this one is from the perspective of a landlord collecting tenant debt.  Remember, I am on the back end of the deal,quesion5 looking at damaged rental units and unpaid rent.  I will limit my comments about tenant surety bonds to my experience and how they affect debt collection after a tenant moves out.

What is a surety bond?

A bond is not a deposit.  A surety bond is a product that a prospective tenant can purchase in lieu of a traditional security deposit.  The bond is normally nonrefundable and costs significantly less than a security deposit, thus reducing the tenant’s Read the rest of this entry »

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