A grading permit bond is often required by cities and counties when a home owner or builder applies for a permit to build. While it’s not a state or federal mandate, many cities opt for a bond to ensure the builder is in compliance. As anyone who has ever applied for a building permit knows, it can be a frustrating paperwork filled process. So it’s no surprise when a homeowner is told they need to provide a grading permit surety bond, they don’t know what to do or where to turn. Look no further.
A grading permit surety bond is based on a combination of credit and liquid assets. The bond company is confirming the property owner has enough cash to cover the cost of the grading work. The rates are usually about 1-1.5% annually. It’s important to note that a grading permit bond cannot be cancelled. The bond is in force until the grading is complete and the city or county sign off on the work to release the bond.
To apply for a grading permit bond, click here to start the quick application process or call our office at 877-654-2327.