Property factoring is a term many landlords and tenants in Scotland come across, but not
everyone fully understands what it involves. Whether you’re a landlord looking for help
managing communal areas or a tenant unsure about factoring charges, this guide is for you.
What is Property Factoring?
Property factoring, also known as property management, involves the management and
maintenance of communal areas in residential buildings, particularly tenements and flatted
properties. A property factor ensures that shared spaces are clean, safe, and well-maintained.
Who Needs a Property Factor?
If you own or live in a flat that shares communal stairwells, roofs, gardens or car parks, you
likely need a property factor. In Scotland, many properties, especially in urban areas like
Glasgow—rely on factoring services to maintain shared infrastructure and ensure building
compliance.
Services Typically Included
A property factor may handle:
Routine maintenance (lighting, gardening, cleaning)
Emergency repairs
Organising insurance
Managing contractor payments
Regular inspections and reporting
Homesbook Factoring offers all of the above and more, tailored to the needs of Scottish
landlords and tenants. Learn more about our factoring services.
Benefits for Landlords
Save time and hassle
Ensure regulatory compliance
Keep tenants satisfied with well-maintained communal areas
Benefits for Tenants
Transparent maintenance charges
Faster response to common area issues
Assurance that the building is being cared for professionally
Why Choose a Registered Property Factor?
In Scotland, it’s a legal requirement for property factors to be registered. The Property Factor
Register ensures that companies meet minimum standards and gives owners and tenants reassurance. Find out how to switch your factor
