The City of Los Angeles requires that those applying for a Parking Lot License execute a California (City of Los Angeles) Parking Lot License Bond to ensure compliance with Section 103.202 of the Los Angeles Municipal Code.
Bonds Express offers a California (City of Los Angeles) Parking Lot License Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California (City of Los Angeles) Parking Lot License Bond holds you accountable for your business decisions.
By possessing a California (City of Los Angeles) Parking Lot License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.