Contractors know how difficult it is to obtain and maintain a surety relationship. Lien transfer bonds often require the posting of the full amount as collateral if you do not have an existing surety relationship. In lieu of posting the bond, you can opt to post the dollar amount following with the clerk:
The principal amount of the lien, plus interest at the legal rate for 3 years, plus $1,000 or 25% of the lien amount. The clerk may also charge up to $20 (plus $10 per additional transfer). Section 713.24, Fla. Stat.
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602