What is an Unlawful Detainer Assistant (UDA) Surety Bond?
These license and permit surety bonds ensure that unlawful detainer assistants sufficiently satisfy their rendered services as agreed upon, as well as operate in accordance with all applicable laws and regulations and their own designated abilities and limitations. They serve to protect clients from potential losses caused by their unlawful detainer assistant.
Who needs an Unlawful Detainer Assistant (UDA) Surety Bond?
Unlawful Detainer Assistant (UDA) Bonds are required for individuals who provide, assist in providing or offer legal assistance or defense of an unlawful detainer claim. Unlawful detainer lawsuits are filed in the event of a tenant’s refusal to voluntarily vacate a residence following adequate and required notice from the landlord. Filing an Unlawful Detainer Assistant (UDA) Surety Bond is the first step in the eviction process in this given situation. The jurisdictions of individual states determine specific circumstances which merit the filing of an Unlawful Detainer Assistant (UDA) Surety Bond. Unlawful detainer assistants are responsible for the preparing, providing and filing of legal documents on behalf of their clients.
Which states require Unlawful Detainer Assistant (UDA) Surety Bonds?
Pacific Surety proudly offers Unlawful Detainer Assistant (UDA) Surety Bonds in the following states:
If you do not see your state listed, please contact us and our knowledgeable underwriters will assist you.
What is the bond amount for Unlawful Detainer Assistant (UDA) Surety Bonds?
Bond amounts for Unlawful Detainer Assistant (UDA) Surety Bonds vary and are set by the local rules and statutes regulating the industry. Bond amounts and requirements will fluctuate from state to state. Please contact us with specific questions, and our knowledgeable underwriting staff will assist you.
How much does an Unlawful Detainer Assistant (UDA) Surety Bond cost?
Pricing for Unlawful Detainer Assistant (UDA) Surety Bonds will vary, and your premium will be based on the following factors:
- State the bond is required in
- Amount of the bond
- Term length of the bond
- Personal credit for all owners with at least a 10% ownership stake in the business
Individuals with good credit can expect to pay between 1%-5% of the bond amount. Qualified applicants could pay as little as $250 annually for a $25,000 Unlawful Detainer Assistant (UDA) Surety Bond. To find out how much your bond is going to cost, please complete our online application for your free, no obligation price quote.
Can I get an Unlawful Detainer Assistant (UDA) Surety Bond with bad credit?
Pacific Surety offers a wide range of approvals, regardless of credit, for Unlawful Detainer Assistant (UDA) Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay 5%-10% of the bond amount in premium. To see what rate you will qualify for, please complete our online application for your free, no obligation price quote.
How do I purchase an Unlawful Detainer Assistant (UDA) Surety Bond?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7873 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.
Who does an Unlawful Detainer Assistant (UDA) Surety Bond benefit?
Unlike insurance, which protects your business, Unlawful Detainer Assistant (UDA) Surety Bonds benefit your clients. If the principal’s (UDA) actions cause any damage, a claim can be filed with the surety company for relief. If the claim is valid, the surety will pay up to the penal sum of the bond to resolve the claim. You are then required to reimburse the surety for all monies paid out, including any attorney fees incurred by the surety in the defense of the claim.
Claims can be detrimental to your business. Not only do they cause financial harm, they make it very difficult, if not impossible, to get bonded again.