California Parking Lot License Surety Bond - City of Los Angeles
Businesses actively engaged in the business of providing parking spaces for a fee within the jurisdiction of the City of Los Angeles must be licensed accordingly and provide a Parking Lot License Surety Bond to the City of Los Angeles Administrative Officer/Risk Management division in accordance with Los Angeles Municipal code Section 103 .202 DIVISION 8 TRADES AND OCCUPATIONS. A bond in the amount of $10,000 for each parking lot, or if they have multiple parking lots, they can provide a blanket bond in the amount of $50,000 covering all parking lots owned or operated by the same applicant The purpose of the surety bond is to guarantee compliance of the operator with the Section 103.202 of the municipal code which states that the operator "shall indemnify any person whose vehicle is accepted by the permittee for parking or storage against loss by reason of theft or other unlawful taking, or for damages to such vehicle for which the permittee is legally liable."
How much does a California Parking Lot License Surety Bond Cost?
This bond is an instant issue bond, meaning you can select the required bond amount, complete the application and print a copy of your executed bond instantly from our website. Simply complete our online application for a City of Los Angeles Parking Lot License bond to get your bond today.
- $10,000 City of Los Angeles Parking Lot License Bond - $100 per year
- $50,000 City of Los Angeles Parking Lot License Bond - $250 per year
Other bonds required of parking lot companies in California
City of Los Angeles - Parking Occupancy Tax Bond
San Francisco - Parking Tax Collection Bond