Where then does the factor come in?
The Factor is appointed either by a majority of owners, or initially by a developer for a new property. Sometimes Title Deeds insist upon a Factor particularly if the property has just been built. The developer will tell you if initially one is to be appointed for the first year of a new development. Thereafter you and your neighbours can agree to appoint a particular Factor, provided there is a majority. Normally if a Factor is appointed there will be a contract covering their duties and the terms of their appointment. We would recommend you take time to read this contract and the scope of their duties. The factor is there to save you time and hassle, especially if some of the other owners are apathetic about the upkeep of the property. The Factor can make decisions up to the sum of £250.00 per block per item (figure for the year 2007/08, may be subject to adjustment on some future date) on your behalf and organise the work on behalf of the owners, whether it be repairs to common prop
