FACTORING
PRIVATE LETTING

Private Letting

If an owner privately lets their property (whether residential or commercial) the Association will pursue the owner for payment of all factoring charges as these are payable by the owner of the property – not the tenant. A prudent owner should therefore include a clause to this effect within the agreement between the owner of the property and their tenant.

Any sums due in relation to common repairs and factoring charges are payable by the owner of the property and any enforcement action will be taken against them.