Indiana tenant lease bonds.
From $100.

A tenant lease bond lets a renter put a surety bond in place of a cash security deposit; the bond stands behind the lease the way a deposit would. It is a security-deposit alternative recognized under Indiana’s landlord-tenant law (IC 32-31-3). Pricing is 2% of the bond amount, $100 minimum.

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Used as a security-deposit alternative on a residential or commercial lease — recognized under IC 32-31-3

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Amount is whatever your lease or landlord requires — there is no single statutory figure

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2% of the bond amount, $100 minimum — a one-time soft credit pull affects approval only, and it never affects your score

2% of amount$100 minimumSoft pullnever a hard inquiryNeveraffects your credit score

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How it works

Apply to bonded in one sitting.

No long underwriting queue for a standard lease bond — apply, a quick soft pull, and you have the executed bond. Here is the whole thing:

TODAY · ONLINE

Apply online

Your details, the bond amount your lease requires, and the effective date — plus a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

Deliver to your landlord

Pay online and receive the executed lease bond ready to hand to your landlord in place of the cash deposit. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the lease bond actually does

A tenant lease bond is a surety bond that stands in for a cash security deposit. Instead of tying up a full deposit, the tenant buys a bond — and the landlord gets the same protection: if the tenant damages the property or breaches the lease, the landlord can recover against the bond up to its amount.

Indiana’s residential landlord-tenant law (IC 32-31-3) governs security deposits, and a surety bond is one of the deposit alternatives landlords can choose to accept. Whether to accept a bond instead of cash is up to the landlord — this is not a state mandate, it is a tool for tenants and landlords who prefer a bond to a held deposit.

It is not insurance for the tenant — if the surety pays the landlord on a valid claim, the tenant repays the surety. The amount is whatever the lease requires, usually matching the deposit it replaces. Enter that figure — pricing starts from $100, with one soft credit pull that never affects your score.

IC 32-31-3 (security deposits)Indiana’s residential landlord-tenant law governs security deposits at IC 32-31-3. A tenant lease (surety) bond is a security-deposit alternative a landlord may agree to accept in place of a cash deposit — it is not a statutory mandate, and acceptance is at the landlord’s discretion. The bond amount is set by the lease, typically matching the deposit it replaces. Confirm the required amount with your landlord.

You need this bond if you are

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A tenant who would rather post a bond than tie up a full cash security deposit

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A landlord or property manager who accepts a surety bond as a deposit alternative

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A commercial tenant whose lease lets you bond the deposit instead of paying cash

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Relocating and short on cash for a large upfront deposit

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your lease bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Indiana tenant lease bond?Pricing is 2% of the bond amount, $100 minimum. The amount is whatever your lease or landlord requires — usually matching the cash deposit it replaces. Enter that figure and your exact price appears.

Does Indiana require a tenant lease bond?No — it is not a state mandate. Indiana’s security deposit law (IC 32-31-3) governs deposits, and a surety bond is one alternative a landlord can agree to accept in place of cash. Whether to use one is between you and your landlord.

Is there a credit check?Yes — a quick soft credit check may apply. It is never a hard inquiry and never affects your score. It affects approval only — your price is 2% of the bond amount, $100 minimum.

Do I get the premium back at the end of the lease?No — the premium is the cost of the bond, not a refundable deposit. That is the trade-off: you pay the premium instead of tying up the full deposit in cash. If you damage the property, the landlord can still claim against the bond, and you would repay the surety.

What amount should I choose?Match it to the deposit your lease requires — that is the figure the bond replaces. If your landlord names a specific amount, use that. Send us the lease language and we will confirm.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Indiana bonds.

Lease bond, issued today.

From $100, short application, bond issued when you pay. One soft pull, never a hard inquiry.

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