Virginia Land Use Permit Bond
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What Is a Virginia Land Use Permit Bond?
The Virginia Department of Transportation (VDOT) requires land use permit bonds for right-of-way construction. A Virginia land use permit bond ensures that all work performed on a state highway or public right-of-way:
- Meets VDOT standards and policies
- Follows highway right-of-way laws
- Preserves right-of-way functionality
- Creates safety for public travelers
This type of right-of-way surety bond holds individuals and corporations financially liable for meeting contractual obligations and performing satisfactory work on publicly-owned land.
How Much Do Virginia Land Use Permit Bonds Cost?
The bond amount is based on the estimated cost of work to be performed in right-of-way or an amount sufficient to restore the property if necessary. You can typically purchase an instant issue Virginia land use permit bond at a rate of $10 per $1,000 in coverage with SuretyBonds.com. For example, a $10,000 land use bond would cost $100.
Bonds for up to $25,000 in coverage are available for instant purchase to all applicants. If your bond amount exceeds $25,000, your application will need an underwriting review to determine exact pricing. Your quote will vary based on personal credit score, the bond amount and other risk factors.
When you work with SuretyBonds.com, you may be eligible to save up to 25% by selecting a multi-year bond term. Get a free quote today.
How Do Virginia Land Use Permit Bonds Work?
In accordance with Virginia’s Administrative Process Act, land use permit surety bonds create a legally-binding contract between three parties:
- Principal: The party purchasing the land use bond from the surety
- Obligee: The Virginia Department of Transportation
- Surety: The surety provider issuing the bond to the principal
Within this contract, the principal is responsible for upholding the bond terms. If they fail to do so, VDOT can file a claim to recover damages. The surety guarantees payment for these claims.
Who Needs a Land Use Permit Bond?
Any individual or company planning to work on or around property under VDOT jurisdiction needs to get a land use permit. You may need a Virginia land use permit and bond before starting the following types of work:
- Installing new utilities infrastructure
- Modifying private and commercial entrances
- Creating or modifying logging entrances
- Conducting surveying operations
- Working on VDOT public right-of-ways
How Do I Get a Land Use Permit Bond in Virginia?
SuretyBonds.com offers the fastest, easiest and most affordable bonding process.
- If your bond requires underwriting, apply online and receive a free quote within one business day.
- If your bond is available for instant purchase, simply enter your information and checkout in minutes.
VDOT requires original bond forms with wet signatures. We’ll mail your physical bond form right away for you to file. Select overnight shipping if you’re in a rush.
How to Get a Virginia Land Use Permit
A land use permit is required under the General Rules and Regulations of the Commonwealth Transportation Board (24 VAC 30-20). VDOT reviews and approves land use permit applications based on specific criteria and standards.
Get your Virginia land use permit with these four steps:
- Apply for a permit on the VDOT website
- Purchase a surety bond
- Pay the $100 permit application fee plus any additional fees
- Submit your permit application with any supporting documents
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