If you feel that your tenement is in need of attention, your first course of action should be to contact your fellow owners. If all owners are in agreement to carry out a selected maintenance task, and are willing to pay their share, then a Factor may not be required.
For some owners, the risk in instructing works without guarantee of payment from their fellow proprietors is not acceptable and, by appointing Newton, this risk is negated. If appointed as Factors, we would instruct the contractor and then collect each owners’ share.
Once contact with Newton has been made, one of our professional property managers will visit your development and prepare a short report detailing their observations at your tenement, together with a summary of how we could assist. This will be distributed to all owners, along with our quotation for ongoing management. If a simple majority of owners agree to our appointment, we will commence our factoring of the block. In the unlikely event that owners wish to cancel the factoring service, this can also be achieved via a simple majority decision.