California
City of Monterey Park Short Term Rental Bond

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Coverage Amount: $1,500
Term Length: 1 year
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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!

Bond Type
$1,500City of Monterey Park Short Term Rental Bond

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: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your free quote in 1 business day
  3. Sign: Complete the indemnity agreement 
  4. 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: 

  1. Principal: You, the short-term rental owner filing the bond
  2. Obligee: The City of Monterey Park requiring the bond
  3. 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. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert