If you need to pay Condominium Assessments, you may be required under the Code of Virginia section 55-79.83 to file a Virginia Payment of Assessments Bond as a condition of licensure.
Bonds Express offers a Virginia Payment of Assessments 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 Payment of Assessments Bond holds you accountable for your business decisions.
By possessing a Virginia Payment of Assessments Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.