Our factoring service covers it all, from simple repairs such as changing light bulbs to more complicated matters such as roof repair work.
Our service scope generally depends on the type of development and its facilities. Typically with a factored development, the following services are routinely provided:
Our Property Management Director is one of the few Members of the Institute of Residential Property Management (IRPM) in Aberdeen, and also holds a BSc Honours degree in Planning & Property Development, in addition to years of experience within the property factoring industry throughout Scotland.
We hold professional indemnity insurance and have robust factoring procedures in place including debt recovery and complaints procedures, ensuring we work strictly to the Property Factors (Scotland) Act 2011 Code of Conduct for Property Factors.
BeneFactors Property Management Limited is formally registered with the Scottish Property Factor Register. Our Registration Number is PF000721.
Communal areas managed under our factoring agreement removes the stress and hassle away from one owner or group of owners who often struggle to try and coordinate difficult repairs themselves.
Regardless of your current circumstances and arrangements, whether you have no formal factoring arrangement, are self-factored, or have made the decision to change your existing factor, contact us for free advice and guidance on each stage of the process of engaging a factor.
Each proprietor has a legal obligation to contribute their share of the cost of maintaining and repairing the communal areas. After all, it is in the best interest of proprietors to do so to protect the value of their investment.
Although we take pride in how our developments are managed, our factoring service does not cover repairs or maintenance pertaining to individual properties. This is the sole responsibility of the proprietor.
Our fee structure is unique to each development and is dependent on certain criteria, such as number of properties, agreed management scope and perceived workload. We are confident that our fees are competitive with others in the industry.
Please contact us today to discuss your requirements and arrange for a free no-obligation bespoke factoring proposal for your development.