A property factor manages common land in and around residential properties.
A property factor can carry out many jobs, such as:
- arranging for maintenance, repairs and inspections
- running a joint maintenance account and collecting payments from homeowners
- setting up common insurance for the building
- organising meetings for owners to make decisions about the building
The law requires property factors operating in Scotland to:
- join the register of property factors before they can operate
- follow a code of conduct once they've registered
This is to make sure every property factor meets a minimum set of standards, to protect the homeowners who use them.
The property factors register is run by the Scottish Government. Anyone applying to be a registered property factor must meet the entry requirements, including a 'fit and proper person' test.
It's a criminal offence to work as a property factor if you're not registered and do not have a reasonable excuse. If you're convicted, you could be given a fine of up to £5,000, imprisoned for up to 6 months or both.
It's also a criminal offence to use a property factor registration number in any document or communication if you're not registered. If you're convicted, you could be fined up to £1,000.
Report an unregistered property factor
If you want to report an unregistered property factor, you can: