New York tenant lease bonds.
From $100.
A lease surety bond stands behind your lease — it guarantees the landlord that your rent and obligations will be met, so you can post a bond instead of tying up cash in a security deposit. The penal sum is whatever your lease states; premiums start at $100.
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How much does a New York tenant lease bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply to bonded in one sitting.
Most lease bonds move quickly — a light review, a soft credit pull, and the executed bond to hand your landlord. Here is the whole thing:
Apply online
Your details, the bond amount from your lease, and your landlord’s name — plus the lease number and date if you have them. That is the application.
A soft credit pull
Lease bonds carry a light underwriting check, including a soft credit pull that never affects your score. Most applications clear on the spot; if underwriting needs more detail, you hear back within 48 hours.
Hand it to your landlord
The executed bond names your landlord as the obligee and states the penal sum from your lease — give it to them in place of (or alongside) the cash deposit your lease calls for.
What it is and who needs it.
What a tenant lease bond actually does
A tenant lease bond — also called a lease surety bond — is a three-party guarantee. You (the tenant) are the principal, your landlord is the obligee, and the surety stands behind your promise to perform the lease: pay the rent and meet the obligations the lease spells out.
It works in place of a cash security deposit. Instead of locking up a full deposit, you pay a premium for the bond and hand the landlord a guarantee of the same amount. If you fail to meet the lease and the landlord has a valid claim, the surety pays up to the bond amount — and you reimburse the surety, because a bond is a guarantee, not insurance for the tenant.
The penal sum is whatever your lease states — commonly the security-deposit figure or a stated number of months’ rent. Enter that amount and your exact price appears at the application; premiums start at $100.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Hand it to your landlord. The executed bond names your landlord as the obligee and states the penal sum from your lease — give it to them in place of (or alongside) the cash deposit your lease calls for.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, one soft pull.
Submit the application with your bond amount and your landlord’s name — a light review and a soft credit pull, and the executed bond is ready to hand over.
Start the application →Common questions.
Other New York bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Lease bond, ready to hand over.
Premiums from $100, soft pull only. Post a guarantee instead of tying up a cash deposit.