FAQ

An overview of our fees can be found here. Please contact Somnium Properties at info@somniumproperties.com for further information.

Essentially, property letting involves granting tenancy to an individual or group to occupy your property in exchange for regular rent payments. When managed effectively, it can be a lucrative investment. A letting agent like SPP can streamline this process by handling tenant selection, legal matters, property upkeep, and more. 

A tenancy agreement is a legal document outlining the rights and responsibilities of both landlord and tenant. It establishes clear expectations to maintain a harmonious rental relationship. Somnium Properties can create a comprehensive tenancy agreement tailored to your property, safeguarding your interests and setting the foundation for a successful tenancy. 

While not mandatory, landlord insurance is highly recommended. This specialized coverage protects against property damage and legal liabilities not covered by standard home insurance. A letting agent can guide you in selecting the right policy to safeguard your investment. 

A letting agent simplifies property management by handling tenant recruitment, contract creation, legal paperwork, and property maintenance. Their expertise ensures your rental property is managed efficiently and in compliance with regulations. By partnering with a letting agent like Somnium Properties, you gain a dedicated professional who optimizes your property’s performance while relieving you of the day-to-day responsibilities.

Thoroughly screening tenants through background checks and references is crucial. A letting agent can help you find reliable tenants who match your property. Somnium Properties expert tenant screening process minimizes the risk of tenancy issues, ensuring a smooth rental experience.

Landlords must verify that tenants have the legal right to live in the UK through Right to Rent checks. This legal requirement helps prevent housing illegal immigrants. Letting agents are experts in conducting these checks, ensuring compliance with immigration laws and protecting landlords from potential penalties.

Landlord deposits must be protected in a government-approved scheme. This ensures fair treatment for both landlords and tenants by providing a clear process for handling and returning deposits. Somnium Properties can handle deposit protection on your behalf, simplifying the process and ensuring compliance with legal requirements.

Detailed inventories and check-out reports are essential for fair deposit deductions. By adhering to deposit protection scheme rules, disputes can be minimized. Somnium Properties can assist in creating comprehensive reports and handling deposit negotiations, ensuring a fair resolution for both landlords and tenants.

Regular property inspections help maintain your investment by identifying potential issues early, ensuring tenant satisfaction, and upholding property standards. Somnium Properties can conduct these inspections on your behalf, preserving your property's condition and fostering a positive tenant relationship.

Prioritize tenant safety and property condition through regular safety checks and prompt maintenance. By adhering to legal requirements and addressing issues swiftly, you create a secure living environment and maintain tenant satisfaction. Somnium Properties can manage property safety and repairs, ensuring your property is well-maintained by qualified professionals.

An Energy Performance Certificate (EPC) assesses your property's energy efficiency, providing recommendations for improvements. It's a legal requirement for rental properties and helps potential tenants make informed decisions. Somnium Properties can help you obtain an EPC and understand how to enhance your property's energy efficiency and appeal to tenants.

Essential safety features like smoke and carbon monoxide alarms, gas safety checks, and fire doors are vital for any rental property. By ensuring these are in place and regularly maintained, you create a safe environment for tenants and protect yourself from potential liabilities. SPP can handle these safety requirements, providing you with peace of mind and compliance.

Landlords have numerous legal responsibilities, including obtaining Energy Performance Certificates, conducting safety inspections, ensuring essential safety equipment, addressing property hazards, acquiring necessary licenses, and adhering to health and safety regulations. Navigating these complexities can be overwhelming. Somnium Properties offers expert guidance to help you understand and fulfill your legal obligations.

An HMO (House in Multiple Occupation) is a property rented out to at least three people who form more than one household, and who share common facilities like a bathroom or kitchen.

Multiple households: More than one unrelated group of people live in the property.   

Shared facilities: Tenants share at least one basic amenity like a bathroom or kitchen.   

Legal requirements: There are specific legal regulations for HMOs, including licensing in many areas.   

To rent out your property, you'll typically need approval from your existing mortgage lender or consider a buy-to-let mortgage. This ensures your investment is protected and complies with mortgage terms. Somnium Properties can assist in finding suitable mortgage brokers.