What is a Distress or Distraint Bond?
A Distress or Distraint Bond (commonly a “Distress for Rent”) is required by the court when a plaintiff seeks to remove a tenant from a commercial property due to unpaid rents.
Bond Premiums and Bond Amounts:
Premium is 2% of the bond amount.
Minimum of $100.
If bond is for use in Florida there will be a 1.3% tax of the PREMIUM.
Bond amount will be twice (2x) the distress or distraint.
List of states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
FAQ:
When is a Distress for Rent Bond used?
Statute requires this surety bond to protect the defendant. The Distress for Rent Bond guarantees the defendant’s compensation should the court find the Distress to be wrongful. The bond amount varies by state but usually includes a provision for interest and court costs.
Click on the appropriate surety bond application to download the defendant’s bonds form.
Review our surety rates from the rates section, fill out the PDF application form, and submit through your email client.
Jurisco will contact you to confirm receipt of the application then begin work immediately.
Jurisco offers competitive rates for Distress Bonds nationwide, fast service and a broad base of knowledge to help clients throughout the United States. We specialize in:
- Providing the best knowledge and service for surety bonds
- Lowest rates on all surety bonds
- Assisting clients to understand their bond rights and responsibilities
- Fast and accurate service
- Delivering solutions to bad credit applicants
Our application process is as simple as 1, 2, 3. Simply click on the distress/ distraint bond application, fill it out, email it to us with the required court documents and it’s done. Through our years of hands on experience, Jurisco understands that efficiency is imperative in the court system. We want you to have what you need, when you need it. Let’s start the process now.
By Distress or Distraint Bond in California March 23, 2012 - 12:45 am
[...] The ripple effects of the Great Recession remain with high rates of unemployment, foreclosures and businesses closing in California. When businesses decline, their bills start going unpaid. One of those bills left unpaid may be the rent on commercial property. Like tenants in an apartment complex, the proprietor can evict a business for unpaid rents. However, before a company can be evicted from their place of business, the property owner (or plaintiff operating on their behalf) needs a distress or distraint bond. [...]