Landlords

Here at Selmans Lettings Ltd we pride ourselves on offering a professional and efficient service for our landlords. With over 50 years combined experience in the lettings business, we understand the needs of our landlords and have a presence on the best property portals to ensure that we find tenants for their properties quickly.

 

With extensive tenant referencing we ensure only the best tenants for our landlords, and offer a Comprehensive Letting Service as standard as well as a Fully Managed letting service that will allow you to sit back and relax while we handle any issues that may arise at the property throughout the course of the letting. Please see below as to what each of these services we offer includes. 

 

We have a dedicated team available to keep you up to date with the whole rental process and to answer any enquiries you may have. Our business is built on customer satisfaction and we will handle the rental of your property as if it was one of our own.

 

To find out more please contact us today, or why not request a free, no obligation, valuation of your property.

 

 

Landlords Fees

 

Comprehensive Lettings service

12% inc VAT (10% + vat) of the gross rental for the first year of the tenancy (see non optional fee's for renewal fees details )

  • Marketing of the property

  • Advice on refurbishment of property

  • Introduce tenant (s)

  • Assess tenant suitability

  • Negotiate tenancy terms

  • Prepare tenancy agreement

  • Arrange inventory, Energy performance certificates, floor plans and gas safety certificates as required.

  • Deduct any pre tenancy invoices

  • Collect first months rent and security/holding deposit

  • Provide tenant with method of rent payment

  • Manage transfer of utilities and council tax

  • Post tenancy lettings support service

  • Hold and register tenancy deposit as required. (An additional fee of £12 per annum may be charged to cover our costs for protecting the deposit)

  • Guidance with regards to legal compliance

  • Arrangement of a suitable check in/out date and time.

  • Review rent and negotiate renewals

  • Serving of section 21 and 8 notices at the landlords request

 

Management and rent collection service (Includes Lettings service)

18% inc VAT (15% + vat) of the gross rental for the first year of the tenancy and 15% inc VAT (12.5% + vat) for subsequent years. If instructed on a sole agency we will offer a reduction of 3% inc Vat (2.5% + vat) on the above fees.

  • Collection of rent on a monthly basis

  • Chasing non payment of rent and any shortfalls

  • Court attendance to evict a tenant for non payment of rent if required.

  • Court attendance for possession hearings if required

  • Undertake general periodic inspections of properties as required.

  • Arrange for general repairs and maintenance work as required

  • Handle return of deposit and any disputes

  • Provision of out of hours emergency telephone line

  • Hold keys throughout the tenancy

  • Preparing periodic statements as required and forward to accountants.

  • Dealing with insurance claims on behalf of the landlord including appointing of loss adjusters.

 

Non optional renewal Fee's

Renewal Fee's – 9% Inc Vat (7.5% + vat) of the gross yearly rental for every subsequent years of tenancy.

  • Advice on rent increases

  • Negotiation amendment and updating terms of a further tenancy.

  • This also applies if tenant holds over an existing tenancy

  • Continuation of post tenancy lettings support service

  • Renewing tenancy deposit protection (if required)

 

Inventory fee's

  • Preparation of Inventory, schedule of condition and check in of the tenant (s). Cost is dependent on the size and furnishing of the property.

  • Check out the tenant (s) preparing a check out report/schedule of condition. Cost dependent on the size and furnishing status of the property. Please confirm the cost for your property with one of our team 

  • Payable to the independent inventory clerk.

  • You may appoint your own inventory clerk if you wish.

 

Optional add on services

Please ask a member of our team for more information about our below services.

 

Legal backup

  • 1.2% inc VAT of the gross annual rental for every year that you opt for legal backup. 

 

£0 Excess Rent Guarantee (Includes Legal backup)

  • 2.4% inc VAT of the gross annual rental for every year that you opt for a Rent Guarantee.

     

 

 

Request a Valuation