Legal Guarantees

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January 1, 1 7 min read Definitions

Surety Performance Bond Contractual Agreements Real Estate Development Risk Mitigation Legal Guarantees Contractors

In real estate, a surety is an individual or entity that guarantees the performance of obligations or responsibilities, usually relating to contractual agreements. This acts as a safety net ensuring that the party performing the work will fulfill their commitments, or the surety will step in to cover any losses or damages.