Fife Council Housing Services provides a property factoring management service where there is a mix of tenants and home owners within a block.
A variety of services are offered which are tailored to the block with agreement from owners. Services can include maintenance to door entry systems, lifts, stairwells, lighting, bin chutes, common grounds and several more factoring services.
What is a property factor?
A property factor is an organisation that manages the maintenance and repair of the common parts of property or land owned by more than one individual.
The benefits of a property factor
Owners can be assured that the shared, common parts will be inspected and will receive routine maintenance to keep the property in good condition.
Having a property factor removes the burden from owners having to lead on services, liaise with contractors, organise and manage routine services and arrange repairs with other owners in the block. Fife Council’s Factoring Service will do this on owners’ behalf managing the day to day running of the shared, common parts of the property and overseeing all work.
- Fife Council Factoring Service - Quick guide to property factoring
- Fife Council Factoring Service - Written Statement of Services
- Property Factors (Scotland) Act 2011
- Code Of Conduct
- The Property Factors Register
- The Tenements (Scotland) Act 2004
- Tenements Management Scheme
For more information about Fife Council’s Factoring Service:
Tel: 03451 555 555 ext 444504