Our property factoring scope of services can cover it all, from simple repairs such as changing light bulbs to more complicated matters such as roof repair work. The scope generally depends on the type of development and its facilities. Typically with a factored development, the following services are routinely provided:
Communal areas managed under our factoring service removes the stress and hassle away from one owner or group of owners who often struggle to try and coordinate difficult repairs themselves. The key benefits of our factoring service are:
Our fee structure is unique to each site 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.
The decision to engage or change factor is prompted by the agreement of the majority of owners. The Deed of Conditions will stipulate the quorate number required to make this decision.
After this decision has been made, we can then prepare a formal Factoring Proposal for the consideration of all owners. This Proposal will be based on the requirements of the site.
If appointed, our intention is always to liaise with the outgoing factor for a smooth transition which avoids unnecessary inconvenience for owners.
Is it now time to show your factor the communal door?
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.