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Tag Archives: property preservation
Property Preservation Contractor Qualifications
Property Preservation Contractor Qualifications Property Preservation contractors are normally required to meet the following minimum requirements: · Maintain a General Liability insurance policy with a minimum coverage of $500,000 to $1,000,000. · Maintain Errors & Omissions insurance coverage in … Continue reading
Posted in Miscellaneous
Tagged contractors, E&O, property preservation, property preservation contractors
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Lock Change/Securing Service Requirements
ATTACHMENT 3 Lock Changes/Securing Service Requirements and Cost Schedule (2008 Update) Properties must be secured to prevent unauthorized entry and protect against weather related damage. The cost schedule to this attachment includes a Maximum Allowable Securing Fee for securing that … Continue reading
Posted in HUD Regulations
Tagged hud regulations, lock change, property preservation, securing requirements
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Lesson 1: Property Preservation Vendor Contracts
Property Preservation Vendor Contracts It cannot be emphasized strongly enough that all contractors should have a legal advisor look over all contracts that need to be signed. A very smart move would be to consult with this legal advisor on … Continue reading
