Property Factors - Frequently Asked Questions

Author: Angus Evans

PDF Published: Thursday 15 Dec 2022 (SB 22-72)

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Overview
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Overview
Report
- Executive Summary
- What are property factors?
- What services do property factors offer?
- Why do homeowners use property factors?
- What are the main laws governing factoring?
- The Property Factors (Scotland) Act 2011
  - Which organisations does the 2011 Act apply to?
  - What kind of property is covered?
  - What are the rules on registration?
  - What does the Code of Conduct do?
    
    Overarching standards of practice
    
    Written statement of services
    
    Individual service standards
- Title deeds and associated legislation
  - Title deeds
  - Associated legislation
- Contract law
- How does the dispute resolution system work?
  - Grounds for bringing cases to the First-tier Tribunal
  - Tribunal procedures
  - What are the First-tier Tribunal's enforcement powers?
  - What role do the courts have?
- How do you appoint or dismiss a property factor?
- Land-owning maintenance companies
  - Background
  - How do the above rules apply to land-owning maintenance companies?
  - Inquiries into the system
  - Cases in the courts
  - Voluntary Code of Practice
  - Where to find more information?
Sources

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Last Updated: 22/2 6:36am

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