This bond is required for anyone who owns and rents out residential property in Madison, Mississippi. The city requires this $25,000 bond to protect tenants and ensure landlords follow local rental laws and regulations. If a landlord violates rental ordinances or fails to meet their legal obligations to tenants, the b…
Overview
What it is.
This bond is required for anyone who owns and rents out residential property in Madison, Mississippi. The city requires this $25,000 bond to protect tenants and ensure landlords follow local rental laws and regulations. If a landlord violates rental ordinances or fails to meet their legal obligations to tenants, the b…
Who usually needs it
Owners of rental properties in the City of Madison, Mississippi, specifically those operating or maintaining single-family or multiple-household dwellings as rentals, must obtain this bond when seeking a Rental License under the city's Rental Inspection and Property Licensing Act (RIPLA). The bond acts as surety for any future correction orders issued by th…
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMSBond amount$25,000ObligeeCity of Madison, MississippiBond classMiscellaneous CommercialCategoryOtherBondCity of Madison, Mississippi - Rental Unit BondPlain descriptionThis bond is required for anyone who owns and rents out residential property in Madison, Mississippi. The city requires this $25,000 bond to protect tenants and ensure landlords follow local rental laws and regulations.…Who needs this bondOwners of rental properties in the City of Madison, Mississippi, specifically those operating or maintaining single-family or multiple-household dwellings as rentals, must obtain this bond when seeking a Rental License …
