City of Madison Rental License Bonds
To legally rent out residential property in Madison, Mississippi, owners must file a surety bond with the city.
Bond Overview
- Purpose: To ensure landlords meet all city codes and property standards
- Who Needs It: All rental property owners and managers in Madison city limits
- Regulating Body: City of Madison
- Required Amount: $25,000
- Premium Rate: $125
Keep scrolling to learn how the bonding process works.
What Is a City of Madison Rental License Bond?
A Madison, Mississippi rental license bond is a type of surety bond required by the city's Rental Inspection and Property Licensing Act (RIPLA).
It ensures that property owners and managers uphold Madison’s housing standards and protects tenants from substandard or unsafe rental conditions.
The bond acts as a financial guarantee that property owners will:
- Maintain their properties to city code
- Follow all licensing procedures and inspections
- Respond to complaints or violations within the allowed time
How Much Do Rental License Bonds Cost in Madison?
Madison rental license bonds cost a flat rate of $125 for a one-year term. Select your bond type below to purchase and receive your official bond in minutes.
SuretyBonds.com offers the lowest available rates available from our nationwide network of providers.
How Does a Madison, MS Rental License Bond Work?
By purchasing this type of bond, you enter a legally-binding contract between three parties:
- Principal: You, the rental property owner
- Obligee: The City of Madison requiring the bond
- Surety: The provider issuing the bond
If you violate city ordinances or rental laws, the city or tenants can file a claim against your bond. If the claim is valid, the surety pays out, then you must reimburse the surety for the full amount.
How Do I Get a City of Madison Rental License Bond?
SuretyBonds.com offers the fastest way to get bonded in Madison. To get started, simply purchase your bond directly online.
We’ll deliver your official bond form in minutes via email. Sign and file the bond with the City of Madison.
Can I Get Bonded With Bad Credit?
Yes. This bond is available for instant purchase with no credit check required. Your rate is fixed at $125 regardless of credit history.
How Do I Renew My Bond?
You must renew your Madison rental license bond before the current one-year term ends. These bonds are continuous until canceled, so you just need to pay your renewal invoice to remain active for another term.
Check out our How to Renew Your Surety Bond page for more information.
How to Get a Rental License in Madison, Mississippi
To obtain a rental license in Madison, follow these steps:
- Complete a Rental License Application: Include the street address, owner/agent contact info, and number and type of units
- Gather Required Materials: Gather the $500 application fee, $25,000 surety bond, and copy of the warranty deed and letter from the HOA (if applicable)
- Submit Application: Deliver all materials to: City of Madison, 1004 Madison Ave, Madison, MS 39110
- Schedule an Inspection: Once your packet is complete, the city will schedule a property inspection. After passing, you’ll receive your Certificate of Compliance and official rental license.
No utilities will be transferred to the tenant's name until your license is fully approved.
