Right-of-Way Bond
What is a Right-of-Way Bond?
A Right-of-Way Bond is a type of License & Permit bond that ensures that businesses or individuals using public land for private purposes, such as utility installations or construction, restore the land to its original state after project completion.
Protects public interests and safety by ensuring proper management of public land and right-of-way usage.
Required by state and local governments for businesses or individuals using public land for private purposes.
Applicant’s personal or business information, credit history, bond amount, and right-of-way permit/license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
