The City of Nichols Hills requires this bond before it issues a building demolition permit. It protects the City and the public against damage to streets, sidewalks, utilities, and adjoining property during the tear-down. The City sets the amount on your permit — we issue whatever it requires at a flat 3%, $275 minimum.
















No broker phone tag for a city permit bond — enter your amount, consent to a soft pull, and file with the City. Here is the whole thing:
Your business details, the bond amount the City required, and the effective date — plus a one-time consent to a soft credit pull. That is the entire application.
Most clear quickly; if underwriting needs anything, an underwriter reaches out within 48 hours. The soft credit pull never affects your score.
Pay online and receive the executed bond, ready to file with your Nichols Hills demolition permit application. Wet-ink original mailed whenever the City insists.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure on your Nichols Hills permit and the premium updates.
A building demolition permit bond is a public-protection guarantee. When you tear down a structure in Nichols Hills, the work can damage the public right-of-way, City utilities, sidewalks, curbs, and neighboring property. The City wants a financial backstop that the site is cleared safely and any damage to public or adjacent property is made right.
It is a three-party arrangement: you (the principal), the surety carrier standing behind you, and the City of Nichols Hills (the obligee), with the public as the protected party. If the demolition damages City property or violates the permit conditions and you don't make it right, the City can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Contractors who restore the site and the right-of-way as required treat the bond as a permit formality, not a risk.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and the executed bond is typically issued the same day.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Flat 3%, $275 minimum, five-minute application, executed bond the same day. Free until issued.