Port of Tacoma lease bonds.
From $100.
A lease of Port of Tacoma land, wharves, docks, or facilities for a term of more than one year must have the rent secured by insurance, bond, or other security satisfactory to the Port Commission — RCW 53.08.085 — with the exact figure set in your individual lease agreement. Premiums are rated at 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Port of Tacoma lease bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Your Port of Tacoma lease is waiting on this bond. Here is the whole process:
Apply online
Your business details, the lease date and property address, the bond amount your lease requires, the effective date, and a one-time consent to a soft credit pull.
Approved
Most applications clear quickly on a soft pull that never affects your score; pricing is 2% of the bond amount, $100 minimum.
Deliver to the Port
Your executed bond and power of attorney arrive by email, ready to deliver to the Port of Tacoma to satisfy your lease condition. Wet-ink originals mailed on request.
What it is and who needs it.
What the lease bond actually guarantees
The Port of Tacoma is a Washington port district, a special-purpose municipal corporation organized under Title 53 RCW that leases marine terminal, industrial, and rail-served real estate to tenants. Under RCW 53.08.085, a lease of port land, wharves, docks, or real and personal property for a term of more than one year must have the rent secured by rental insurance, a bond, or other security satisfactory to the Port Commission, kept on file for the full term of the lease.
It is a three-party arrangement: you (the principal), the surety carrier, and the Port of Tacoma (the obligee). The bond backs your performance of the lease — most directly your rent obligation, and more broadly the conditions your specific lease sets.
It is not insurance for you — if the surety pays a claim, you repay the surety. There is no single published bond figure; RCW 53.08.085 sets the security at one-sixth of the total rent, never less than one year's rent or more than three years' rent, unless the Port Commission requires more, waives it, or lowers it. Enter the figure your lease requires, and we price the bond at 2% of that figure, with a $100 minimum, after a soft credit pull that never affects your score.
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
Deliver to the Port. Your executed bond and power of attorney arrive by email, ready to deliver to the Port of Tacoma to satisfy your lease condition. Wet-ink originals mailed on request.
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, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — 2% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Washington bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Satisfy your Port of Tacoma lease bond today.
Rated at 2% of the bond amount, $100 minimum, soft pull only. Free until issued.