This form may be completed and used by a subcontractor or supplier who has not been fully paid on a project and is seeking payment from the surety (insurer) under the terms of a payment bond. In construction, a payment bond is a bond on the general contractor to ensure payment to subcontractors and suppliers.
Bond Claim Sample Form Nz
Category:
State:
Multi-State
Control #:
US-CONST3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Bond Claim Notice?
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FAQ
Refunds will be processed within 5 working days when a fully completed form is received. If there's unpaid rent or other outstanding costs, the tenant and landlord may agree to split the bond. Part of the bond is refunded to the landlord to cover their costs and the rest is refunded to the tenant.
Landlords can charge up to 4 weeks rent as bond. Other forms of security are not allowed, but a landlord may ask for a guarantor's agreement. In a boarding house tenancy, if the bond is 1 week's rent or less it doesn't have to be lodged. If a landlord charges a bond for any other tenancy, they must lodge it.
If you've caused damage, your landlord can take money out of your bond to pay for repairs. They can also take money from the bond to pay for cleaners if you didn't clean the property properly before you left or had left a mess. Another reason you might not get your bond back is if you owe your landlord rent money.
Refunds will be processed within 5 working days when a fully completed form is received. If there's unpaid rent or other outstanding costs, the tenant and landlord may agree to split the bond. Part of the bond is refunded to the landlord to cover their costs and the rest is refunded to the tenant.
Once the bond is lodged, the tenant and landlord will receive an acknowledgement. This will include the bond number.
