It is a requirement under Scottish law to appoint a factor, and that factor is currently FBR Seed Ltd.
Their Core Responsibilities for the Amenity and Common areas include:
- Instruct Trades for necessary Maintenance.
- Arrange and manage electricity contract with suppliers.
- Arrange routine and periodic services.
- Arrange annual Insurance on our behalf.
- Arrange safety checks when required.
- Pay invoices from the Communal Bank Account.
- Manage the accounts associated with the communal accounts.
- A minimum of 1 visit per quarter to the property and monthly during the growing season.
In addition, there is a service which is not listed in their Core Service List that they will review the monthly payments.
Any debt incurred by an Owner will be charged at a percentage over the bank base lending rate.
The factor has a nominated contact on the Residents Committee.
They can be contacted through their website at https://www.fbrseed.com/contact/ or by email at factoring@fbrseed.com
The full details of the factor’s function is shown below:
leethaugh.com 