Short Term Vacation Rentals Ordinance ($1,500) Bond - City of San Buenaventura, CA in California

Brief Summary

The $1,500 bond is a small piece of the Ventura short term vacation rental permit, but the permit is not complete without it. You pay a modest premium instead of tying up cash with the city, and the bond can usually be issued quickly once the owner details are in.

The City of San Buenaventura (Ventura) requires owners who rent a home as a short term vacation rental to hold a city permit under Chapter 6.455 of the Ventura Municipal Code. A $1,500 surety bond naming the city as obligee is part of that permit. Confirm the current bond form and filing steps with the city before the bond is issued.

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How to Apply for a Short Term Vacation Rentals Ordinance ($1,500) Bond:

• Hold or be applying for a City of Ventura short term vacation rental permit for the property.
• Have the owner name and property address exactly as they appear on the permit application.
• Provide the owner's name, home address and Social Security number for the credit review.
• Pay the premium and receive the signed $1,500 bond naming the City of San Buenaventura as obligee.
• File the original bond with the city as directed by its short term rental staff.
• Renew the bond each year so it stays in force for the life of the permit.

Detailed Information About the California Short Term Vacation Rentals Ordinance ($1,500) Bond:

What this bond is for

Ventura regulates short term vacation rentals through a permit program in Chapter 6.455 of the San Buenaventura Municipal Code. An owner may not rent, offer or advertise a home for short stays without a valid city permit. The surety bond backs the owner's promise to follow the chapter. If the city assesses penalties tied to the rental and the owner does not pay, the city can claim against the bond up to $1,500.

Who posts it

The permit holder, which is normally the owner of record of the dwelling unit, buys the bond and keeps it in force for as long as the permit is active. The City of San Buenaventura is the obligee. A lapse in the bond can put the permit at risk, so treat renewal of the bond and renewal of the permit as one task.

Before you buy

The city has revised its short term rental rules in recent years and the permit process changes from time to time. Check the current requirements, the bond form and where to file it with the city's short term vacation rental staff before the bond is issued.

How the premium is set

You pay a one time annual premium, not the full $1,500. The surety sets the price mainly on the owner's personal credit. A claim paid by the surety must be repaid by the owner.

Eligibility and Requirements for a California Short Term Vacation Rentals Ordinance ($1,500) Bond:

• Bond amount of $1,500.
• City of San Buenaventura named as obligee.
• Principal name matching the permit holder on the city application.
• Surety company authorized to write bonds in California.
• Bond kept continuously in force while the permit is active.

California Short Term Vacation Rentals Ordinance ($1,500) Bond FAQs:

Official and Additional Resources for the California Short Term Vacation Rentals Ordinance ($1,500) Bond: