A mechanic’s lien bond will likely be offered in connection with a court continuing by a real estate proprietor or maybe a common contractor to “bond off†a mechanic’s lien. A real-estate owner or possibly a basic contractor can clear away a mechanic’s lien in the land documents by “bonding it off.†The
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Stand-alone performance or payment bond prerequisites do manifest sometimes, but They are really a rarity. In the event you be necessary to publish just among the two, the exact same price generally applies as it will for both of those bonds bundled alongside one another.Subscribe to The united states's premier dictionary and get 1000's a lot more