ETHICAL PROPERTY FACTORS:
Aquila Management Services were set up to end the old adversarial conflict between property owners and the property factor. Traditionally, property factors existed to manage the common maintenance and repair of multiple properties. This includes cleaning, maintenance, landscaping and repairs. They usually bill you throughout the year, often leaving you wondering where your money went.
Did You Know
Traditional Property Factors take a commission on your home insurances?
WHY ARE AQUILA DIFFERENT?
It’s very simple:
Aquila will carry out the following:
- We will serve notice on your existing property factor for you.
- Once notice is served, Aquila can help your group to form a co-operative, comprising all the owners in your communal property area. The co-operative will comprise of an operating committee i.e. chairperson, secretary, treasurer and we can assist you form a structured constitution.
- Aquila will operate a client money protected account on behalf of the owners thus safeguarding your funds and helping to manage the spread of costs effectively.
- Change to a new dedicated bank account.
- The owners will appoint Aquila as its official factor.
- Aquila will take instruction only from the owners (spending and management) where directed.
- Aquila will manage the following on behalf ofthe owners:
- Cleaning,
- Insurances,
- General Repairs,
- Electricity Bills,
- Communal Lighting,
- External Landscaping, Gardening and Planting,
- Site Security (Door Entry)*
- Issuing letters, notices and quarterly statements.
*Does not include handsets inside owners own properties.
Aquila works for a single transparent fee only, taking no commissions.
Your property will end up with a growing bank account and contingency fund which you help manage. We find that such management allows money to be accrued and for improvements to be made i.e. new doors, re-carpeting, painting, etc.
BUDGETING:
With lowered factoring fees, self-employment amongst owners, removal of factoring commissions and your own growing bankbook, your co-operative will quickly reap the benefits of switching away from the traditional property factoring method.
DOWNLOAD DETAILS ON HOW TO SWAP FACTOR:
Swapping Factor is easy. Download further details here. DOWNLOAD HERE
APPOINTED REPRESENTITIVE
In respect of arranging insurance, administering insurance policies and claims handling activities only, Aquila Management Services Limited is an Appointed Representative (Firm Reference Number 1001946) of PIB Risk Services Limited which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 308333). PIB Risk Services Limited is registered in England and Wales. Company Registration Number 2682789. Registered Office: Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW
In respect of arranging insurance, administering insurance policies and claims handling activities only