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Missouri Property Owners Unpaid Rent Lien Surety Bond

by Surety Admin 10. September 2010 15:15
Missouri SB 630 provides requirements for rental agreements between real property owners and manufactured homeowners. If the manufactured homeowner fails to pay the rent due on the real property on which the manufactured home is located, the real property owner may place a lien on the abandoned manufactured home. The homeowner may post a release of lien bond in the form of a surety bond, cash or other security in an amount equal to the rental charges due and those that accrued during the proceedings concerning the rent owed. The bond secures the payment of the rent if the manufactured homeowner does not prevail. ENACTED: 07/07/2010
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