Property factors across Scotland can sign up to a compulsory registration scheme from Monday 30 July 2012.
Registration is a central element of the Property Factors (Scotland) Act 2011, new legislation passed by the Scottish Parliament last year. Factors will also have to comply with a statutory code of conduct. They have until October 1 to register but could start doing so from yesterday.
About 225,000 homeowners across Scotland use property managers to carry out repair and maintenance responsibilities of communal areas of buildings and housing estates.
Infrastructure Secretary Alex Neil said: “The majority of property factors provide a good, effective service. This new law means that for the first time consumers will have access to information to judge good service and for property factors, an opportunity to demonstrate the quality of their services.
“Compulsory registration is good news for consumers and will help enhance the reputation and integrity of the property managing industry.”
Iain Friel, vice-president of the Property Managers Association Scotland, welcomes the new code of conduct.
“Our members believe that the new legislation will benefit the property management industry, not only providing consumers with a recognised system of redress, it will also provide property factors an opportunity to demonstrate the necessary dedication, skill and experience required in the professional management of common property throughout Scotland.”Nicola McCafferty Senior Solicitor – Commercial Property
The opinions expressed in this site are of the author(s) only and do not necessarily represent the opinions of Blackadders LLP.
Blackadders takes all reasonable steps to ensure that the content of this site is accurate and up to date. The site is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Site visitors should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this site. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.
Blackadders owns the copyright in this blog and all material contained on it. The material on this site may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.
Information passed to us via this site is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.
© Blackadders LLP 2022
Members of the Law Society of Scotland.
Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.