Washington tenant lease bonds.
From $100.
A tenant lease bond lets a Washington commercial tenant guarantee a lease without tying up a large cash security deposit. The landlord can claim on the bond for unpaid rent or other lease breaches, up to the bond amount — and premiums are 2% of the bond amount, $100 minimum, instead of fronting the whole deposit.
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How much does a Washington tenant lease bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply to issued in one sitting.
Enter your amount, consent to a soft pull, and deliver the executed bond to your landlord. Here is the whole thing:
Apply online
Your business details, the bond amount your lease requires, and the effective date. The only added step is a one-time consent to a soft credit pull.
Approved
Most clear quickly. A quick soft credit check may apply — it never affects your score, and premiums are set at 2% of the bond amount, $100 minimum.
Deliver to your landlord
Submit the executed bond to your landlord in place of the cash security deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the tenant lease bond actually does
A tenant lease bond is a private, contractual guarantee — not a Washington licensing requirement. It is an alternative to a cash security deposit: instead of handing the landlord a large deposit, the tenant posts a surety bond that backs the lease.
It is a three-party arrangement: you (the tenant / principal), the surety carrier, and the landlord (the obligee). If you fail to pay rent, damage the premises, or otherwise breach the lease, the landlord can claim on the bond for the amount needed to remedy the breach, up to the bond penalty.
It is not insurance for you — if the surety pays the landlord, you repay the surety. The advantage is cash flow: premiums start from $100 rather than locking up the full deposit, and the deposit stays in your business. Confirm the amount and exact conditions in your lease before you buy.
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 your landlord. Submit the executed bond to your landlord in place of the cash security deposit. 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. Submit once and deliver the bond to your landlord.
Start the application →Common questions.
Other Washington bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your deposit working.
From $100. Enter the amount your lease requires and deliver the bond to your landlord.