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What is a sinking fund?
What is a sinking fund? A sinking fund, also known as a reserve fund, is a separate fund set up on behalf of the homeowners to cover routine/unforeseen repairs and major works on common areas of the property. What is the benefit of a sinking fund? A sinking fund adds...
Letter to factor – what happens when selling your factored property
When selling your property, as the homeowner there a number of responsibilities to ensure the legal transfer of ownership, and one of those responsibilities is informing your property factor of your intention to move. This is called the 'letter to factor'. Homeowners...
Factoring retirement and sheltered housing properties – all you need to know
When thinking of property factor and the type of properties they manage, we most commonly associate blocks of flats, such as tenements and new build developments. But in truth, there are a wide range of properties and homeowners that require property management, such...
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