If you are a factored owner we will bill you twice yearly for the periods 1st of April to 30th of September and 1st of October to 31st of March. Bills are issued around December and June each year.
The factoring service is categorized into two types of services:
A.Full factored service
Your bill will cover the following:
• Management fee
• Block/common repairs
• Electricity service charges
• Contract work e.g. painter work etc. (when applicable)
• Landscaping charge, (where applicable)
• Block building insurance, (if you choose to take the Association’s insurance offer)
B. Landscape maintenance service,
Your bill will cover landscape maintenance for common areas and the administration fee to provide this service.