We understand that not all property owners live or work in their properties.
Our contract to provide factoring services is with the owner of the property as identified within the Title Deeds for the property. If, as an owner of a residential or commercial property, you decide to privately let your property, we will be happy to accept payment of factoring charges from the tenant or leaseholder on an informal basis. However, if there is any debt on the account we will formally pursue recovery of this money from the person who owns the property, not their tenant or leaseholder. Should payment of factoring charges form part of a rental or leasing agreement, it is for the owner to decide whether they wish to pursue their tenant for any outstanding factoring debt in terms of that contract.