News

What Is a Factor Float? A factor float in Scotland is generally money paid in advance by homeowners and held by the property factor for agreed costs linked to the shared building or development. Not every property has a float. Not every factor uses one in the same way either. […]

Why Unoccupied Flats in Shared Buildings Still Matter Unoccupied flats in shared buildings can easily be overlooked. A property may be empty because the owner has moved, a landlord is between tenants or a sale is taking longer than expected. However, an empty flat is still part of the wider […]

What information should your property factor give you? It is a fair question for any homeowner in a shared building or development. A property factor should help homeowners understand what services they receive, how charges are calculated and what to do when repairs or maintenance issues arise. Clear information matters […]

What Does an Estate Factor Do? For many homeowners in modern housing developments, the answer is not always obvious. You may not live in a tenement or block of flats, but you may still share responsibility for parts of the development. These shared areas can include landscaped grounds, play areas, […]

Why Property Factor Inspections Need Local Knowledge Property factor inspections can help identify maintenance concerns, monitor shared areas and support better decisions about a development. However, every property is different. A modern housing estate will not have the same needs as a traditional tenement or a large block of flats. […]