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Mississippi
City of Ridgeland Residential Rental Property Bond

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Coverage Amount: $1,000 - $50,000
Term Length: 1 year
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City of Ridgeland Rental Unit Management Bond Guide

If you’re applying for a rental license in Ridgeland, 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 city limits 
  • Regulating Body: The City of Ridgeland
  • Required Coverage: $1,000–$50,000
  • Premium Rate: $5/$1k of coverage, $100 minimum

Learn all about the bond requirements and process in this guide. 

What Is a City of Ridgeland, MS Rental Unit Management Bond? 

A City of Ridgeland rental unit management bond ensures rental properties comply with city standards.

The required bond amount depends on the type of rental property:

  • Single-family homes, duplex units or townhouses: $15,000 bond
  • Multi-family properties: $1,000 bond per unit, up to $50,000

How Much Do Rental Management Bonds Cost?

A City of Ridgeland rental management bond costs a flat rate of $5 per $1k of coverage with a $100 minimum. You can also save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes! 

Bond Type
$1,000-$50,000City of Ridgeland Residential Rental Property Bond

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 Ridgeland 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 Ridgeland rental unit management bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. 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 Ridgeland Rental Unit Bond Work? 

A rental unit management bond creates a legal contract between these three parties: 

  1. Principal: You, the property owner filing the bond
  2. Obligee: The City of Ridgeland requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the City of Ridgeland Residential Rental Inspection Code. 

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. 

More Resources

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

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