What happens when I sell my property?

When an owner sells their property we shall arrange to apportion their final Common Charges account as at the date of sale. We will endeavor to issue this final account within three months of the date of sale, subject to all supplier invoices having been received, in
accordance with the terms of the Property Factors (Scotland) Act 2011. If this timescale requires to be extended we will confirm this in writing, advise of the reason and outline the expected timescale for issue.

Typically during the conveyance process, solicitors normally ask us for information in respect of common obligations and costs. We will aim to comply with such requests, however, this additional administration work falls out with our Core Services and we will, therefore, charge a fee to cover our work.

Our standard Apportionment Fee is £70 plus VAT for a Ground only development, £120 plus VAT for a Flatted development and £200 plus VAT for a Commercial Unit, however, a higher fee may apply, if matters become complicated, protracted, or additional documents are required.

We require 7 to 10 working days’ notice to undertake apportionment, and we will confirm the fee to the solicitor in our initial response. For apportionments sought with less than 7 working days’ notice, an express apportionment fee of £140 plus VAT for a Ground only development, and £240 plus VAT for a Flatted development will apply, and we will include the fee in the seller’s common charges account