A rental bond is a three-way agreement between the landlord, tenant, and the surety provider. A rental bond gives landlords a wider and comprehensive cover than the trahttps://www.livemint.com/news/india/how-rental-bonds-can-help-to-end-trust-deficit-between-landlords-and-tenants-11623551570062.htmlditional cash security deposit. The rental bond company or surety provider underwrites the tenant and issues a bond once it is convinced about the credibility of the tenant. By eliminating the need for security deposits, the rental bond makes the property more striking to the prospective tenant and shortens tenant conversion cycles. This way, the rental agreement is also a must to ensure the enforceability of the rental bond.

Source: Mint January 13, 2022 20:02 UTC