Virginia Condominium purchasers may have to required under the Code of Virginia sections 55-79.581, 55-79.584 and 55-79.95.B to file a Virginia Condominium Bond as a condition of licensure.
Bonds Express offers a Virginia Condominium 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 Virginia Condominium Bond holds you accountable for your business decisions.
By possessing a Virginia Condominium Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.