Sale/transfer of ownership of property
Sellers responsibility
It is the responsibility of the homeowner/selling solicitor to inform us of the sale/transfer of ownership of a property.
As part of the standard conveyancing practice in Scotland, the selling solicitor will contact us to:
Request property management and service charge information
Confirm the date of sale
Provide and the purchaser’s details.
Sale handover charge
You will be charged a sale handover charge. This charge is to cover administration work carried out in relation to your sale such as:
Corresponding with your solicitor
Updating homeowner and property details
Apportioning service and maintenance charges
Issuing additional invoices
Refunding the float.
These do not form part of our core property management service and are therefore charged separately.
Finalising your account
Your account will be finalised in the weeks following the point of sale. This is to allow time for all contractor invoices to be received for any works carried out prior to the date of sale. These will be included in your final invoice, along with your float refund.
If you are on quarterly billing this will be at the next quarterly billing date. If your development is on an annual budget, you will initially receive an apportioned budget invoice. At the end of the budget year, you will receive an actual invoice together with your float refund.
For all new owners, a welcome pack will be sent to you shortly after we receive confirmation of the date of sale. The welcome pack includes your account details, float invoice, new owners form, Written Statement of Services and any insurance documentation.
