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RECORDING REQUESTED BY:R. Michael Valenzuela Law Firm PLC 2451 E. Camelback Road, Suite 400 Phoenix, AZ 85016 AND WHEN RECORDED MAIL TO:R. Michael Valenzuela Law Firm PLC 2451 E. Camelback Road, Suite
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How to fill out 122320 subdivision surety agreement

01
To fill out the 122320 subdivision surety agreement, follow the steps below:
02
Start by entering the name and contact details of the Obligee, who is the party requiring the surety agreement.
03
Fill in the name and address of the Principal, who is the party responsible for fulfilling the obligations stated in the agreement.
04
Specify the name and address of the Surety, who is the party providing the financial guarantees.
05
Define the amount of the surety bond and the project description for which it is being issued.
06
Include any additional terms or conditions applicable to the agreement.
07
Both the Principal and Surety should sign and date the agreement to indicate their acceptance of the terms.
08
Make additional copies of the agreement for all parties involved and retain a copy for your records.

Who needs 122320 subdivision surety agreement?

01
122320 subdivision surety agreement is typically needed by parties involved in a subdivision project. This includes property developers, contractors, and sometimes even local governments or municipalities. The agreement ensures that the Principal fulfills their obligations related to the subdivision, such as completing infrastructure work or adhering to specified guidelines. The Obligee, who is usually the property owner or governing body, requires this surety agreement to protect themselves from any financial loss or lack of performance by the Principal.
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A 122320 subdivision surety agreement is a legal document that guarantees a developer will complete infrastructure improvements for a subdivision project.
Developers or landowners who are responsible for subdividing land and developing infrastructure are required to file a 122320 subdivision surety agreement.
To fill out a 122320 subdivision surety agreement, the developer or landowner must provide detailed information about the project, the improvements to be made, and the financial guarantee being offered.
The purpose of a 122320 subdivision surety agreement is to ensure that infrastructure improvements for a subdivision project are completed as promised, even if the developer or landowner fails to do so.
The 122320 subdivision surety agreement must include details about the subdivision project, the specific improvements to be made, the financial guarantee being provided, and any other relevant information.
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