Factor Fees Scotland

Yignificent

Hi All,

I am in a bit of a dilemma that I am not sure what to do about with our old factors bill.

Our old factors were dismissed about 5 months ago and a new factors appointed for our development.

However, we have just received our final bill from our old factors, with a letter stating about the debt problem in the development.

There are around 200 properties in the development and the final bill states that around 100 properties owing around £30,000. (including £10,000 of bad debt).

When I purchased our flat I paid a float of £250. After the final bill I am £100 in credit to the factors.

However, they wrote in the final bill that if the outstanding debt of £30000 is not paid by their debtors, then they will issue a revised bill with the unpaid debt.

From my understanding, this means the 100 flats that have paid their bill, will now have to clear the debt of the other owners that have not bothered to pay their bills.

Is this correct and are the factors allowed to pass on bad debt to other owners that are in credit to them?

Thanks. Y.

kayl

There is normally provision in the titles for any newish development which would allow them to do this - check with he soliciotr who bought it for you

littlereddevil

How unfair is that! Surely they can take the non-payers to court? I wouldn't pay any extra as if they don't do anything about non-payers as they won't do anything to you either