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 Vic
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
When renters make the claim themselves, bond refunds take between 14 and 20 business days. This allows time for other renters or the rental provider to be notified of the claim and to contest it if they choose.
In most cases, a bond cannot be more than one month's rent. A rental provider can only ask for a higher bond when either: the weekly rent for the property is more than $900. VCAT has set a higher bond for the property.
If a tenant moves to another rental property, their bond can be transferred to their new rental address if the property manager/owner agrees and there is no change to the: bond amount, and. property manager/owner.
On average you will receive your bond refund within 2-3 days of the RTA receiving your completed form.
