- AOB must be in writing.
- AOB must include a provision that allows the assignor to rescind the agreement within 14 days after executing the agreement, at least 30 days after the date work is scheduled to commence if assignee has not substantially performed, or at least 30 days after execution if the agreement does not contain a commencement date and if assignee has not begun substantial work on the property.
- AOB must contain a provision that requires assignee to deliver a copy of the executed AOB to the insurance company within 3 days after execution or the date when work begins, whichever earlier.
- AOB must contain a written, itemized per-unit cost estimate of the services to be performed.
By Solutions Property Management of Florida, Inc. - Monday, June 15, 2020