City of Monterey Park Short-Term Rental Bond Guide
In Monterey Park, California, short-term vacation rental home owners need a surety bond before hosting guests.
Bond Overview
- Purpose: To ensure vacation rental property owners uphold local regulations
- Who Needs It: All short-term rental property owners in Monterey Park
- Regulating Body: The City of Monterey Park
- Required Coverage: $1,500
- Premium Rate: $100 for most applicants
Learn all about the bond requirements and process in this guide.
What Is a City of Monterey Park Short-Term Rental Bond?
A Monterey Park, CA short-term rental bond ensures that short-term vacation rental properties comply with the following:
- Local housing regulations
- Zoning laws
- Noise and disturbance rules
- Rental taxes and fees
The City of Monterey Park requires this bond as part of the approval process to get a short-term rental permit.
How Much Do Short-Term Rental Bonds Cost in Monterey Park?
A $1,500 City of Monterey Park short-term rental bond costs $100 for most applicants. However, exact pricing may vary based on personal credit score.
Apply for your free, personalized quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Short-Term Rental Bond?
The City of Monterey Park requires this bond for anyone that rents out a dwelling unit for a period shorter than thirty days.
You’ll need to file proof of the $1,500 bond coverage along with your short-term rental permit application.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Monterey Park, CA short-term rental bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your free quote in 1 business day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the city at the address below:
City of Monterey Park TOT Processing Center
8839 N. Cedar Ave #212
Fresno, CA 93720
How Does a City of Monterey Park Short-Term Rental Bond Work?
As with all surety bonds, a short-term rental bond creates a legal contract between three parties:
- Principal: You, the short-term rental owner filing the bond
- Obligee: The City of Monterey Park requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding Monterey Park Municipal Code Chapter 21.09.
If you violate local short-term rental code, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your short-term rental bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
