City of Pearl Rental Unit Management Bond Guide
If you’re applying for a rental permit in Pearl, Mississippi, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure property owners comply with local regulations
- Who Needs It: Anyone owning or managing rental properties within Pearl city limits
- Regulating Body: The City of Pearl
- Required Coverage: $15,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Pearl, MS Rental Unit Management Bond?
A City of Pearl rental unit management bond ensures rental properties comply with city standards. All landlords need a $15,000 surety bond before renting out units to tenants.
How Much Do Rental Unit Management Bonds Cost?
A $15,000 City of Pearl rental unit management bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Rental Unit Management Bond?
The City of Pearl requires this bond for all landlords who rent out residential units within city limits.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Pearl rental unit management bond instantly online. Just enter your information and checkout in minutes.
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the City as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Pearl Rental Unit Management Bond Work?
A rental unit management bond creates a legal contract between these three parties:
- Principal: You, the property manager filing the bond
- Obligee: The City of Pearl requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the City of Pearl Zoning Ordinance Section 409.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your rental unit management bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.