A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to ensure the appearance of the defendant in court at the scheduled time. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court. The bail bond company usually charges 10 percent of the amount of the bond and often requires the defendant to put up some collateral like a seconded of trust or mortgage on one's house.
When the case is concluded, the bail bond is "exonerated" and returned to the insurance company. If the defendant disappears and fails to appearing court (skips bail), the bond money will be forfeited unless the defendants found and returned. The bond may be forfeited, by order of the court, upon the partys failure to appear or to comply with the conditions of the bond. If the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
Arizona Bail Bond Agreement is a legally binding contract between the bail bondsman and the individual who is posting bail for the release of someone who has been arrested and detained. This agreement ensures that the bail bondsman will help secure the release of the defendant by posting their bail amount in exchange for a fee. It is important to understand the terms and conditions of the Arizona Bail Bond Agreement before signing it. In Arizona, there are different types of Bail Bond Agreements that can be utilized depending on the circumstances of the case. Some common types include: 1. Cash Bond: This agreement requires the full bail amount to be paid in cash to the court. Once the case is resolved, the money is refunded to the person who posted bail, minus any administrative fees. 2. Surety Bond: This is the most common type of bail bond agreement in Arizona. It involves the assistance of a licensed bail bondsman who posts the bail amount, usually for a non-refundable fee. The bondsman assumes the responsibility of ensuring that the defendant appears in court for all required hearings. 3. Property Bond: In certain cases, a property bond can be utilized where the defendant or someone acting on their behalf offers property as collateral for the bail amount. This type of agreement requires the verification and evaluation of the property's value by the court. 4. Release on Recognizance (ROR): This type of agreement allows the defendant to be released without the need for posting bail or securing a bail bond. However, it requires the defendant to promise, in writing, to appear in court for all required hearings. The Arizona Bail Bond Agreement typically includes important information such as the defendant's personal details, the amount of bail, the specific charges against the defendant, the fees associated with the bail bond, and the responsibilities and obligations of both parties involved. It also outlines the consequences of not complying with the terms of the agreement, such as a court-issued warrant for the defendant's arrest. Individuals who are considering posting bail through a bail bondsman should carefully read and understand the Arizona Bail Bond Agreement before signing it. It is advisable to consult with legal professionals to ensure the terms of the agreement are clear and satisfactory.
