Surety Bond Vs Security Deposits

lancemiller profile photo

Does anyone have any experience using Surety Bonds in lieu of Security for apartment tenants?

Comments(6)

  • royalfortune17th January, 2008

    I hate Sec Deps. They are next to useless.

    Please explain what a "Surety Bond" is and how it works.

    Thanks!

    MC
    [addsig]

  • strytus17th January, 2008

    Thank you so much for your response. I always and will treat prospective tenants fair and equal. I guess my next step is to check the nolo guide book and see if there are any tips for this type of situation

  • larock18th January, 2008

    We use a Guarantor on all our college student leases. The Guarantor, usually a parent, becomes responsible for the rent in the event the tenant is unable or unwilling to pay. This set-up has worked very well for us. In five years, we only had to proceed against the Guarantor in two cases.

  • cjmazur16th November, 2007

    what does you lease say about the dog/pet.

    Does the city have a barking nusance law?

  • cjmazur16th November, 2007

    what does you lease say about the dog/pet.

    Does the city have a barking nusance law?

  • bwb91116th November, 2007

    Hey,

    Landlords should use the following phrase more: "I am sorry to hear you are having problems with your neighbor Mr. Tenant; you should call the police."

    90% of your tenant on tenant or tenant on neighbor issues would go away.

    Landlord is NOT a snonym for babysitter.

    Bruce

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