Property factor fees
Your property factor sets its own fees. These are not set or approved by the Scottish Government.
Costs will depend on:
- your building
- the services in your written statement
- contractor costs
Factors usually charge:
- a regular management fee
- a float for routine repairs
- a maintenance fund for bigger repairs
At least once a year, your factor must give you a financial statement showing what was spent and what work was done.
If you’re concerned about fees
Speak to your factor and ask for an explanation.
You can make a complaint, then apply to the tribunal if you believe:
- you were charged for services that the factor did not provided
- the fees differ from the written statement
- the fees go against your title deeds