# Maintenance performance bond

A term used when buying septic service.

In a Texas county of over 2.8 million people, the bond a septic maintenance company posts for each owner.

Where a Texas permit is conditioned on a maintenance contract and the system sits in a county of more than 2.8 million people, the owner must file a performance bond obtained from the maintenance company. It exists solely to protect that owner, it is payable to the owner, and it is sized to what the owner would spend if the company failed to keep up the maintenance. A new or revised contract needs a new bond on file within thirty days of the change. So every bonded account on the route carries its own surety line, and a sale that changes the company on the contracts means a new bond for each one. Ask how many bonds the seller carries, with which surety, and whether the buyer's own credit can stand behind them on the day the contracts move.

Part of: Buying a Septic Service Business (https://searchspheresource.com/guides/buying-a-septic-service-business)

Source: https://searchspheresource.com/guides/buying-a-septic-service-business/terms/maintenance-performance-bond
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt