A brief guide to letting out your property:
- Once you have instructed Sallmanns on your property it will be marketed on our website www.sallmannsres.com and on PropGOLuxury www.propgoluxury.com (with your permission)
- Access to the property will be discussed.
- You will be required to sign a Form 5 which is an agreement between Sallmanns and yourself and is required under The Estate Agents Ordinance.
- On accepting an offer, an offer letter will be drawn up between you and the potential tenant. Landlords often require an ID card/passport, proof of income or a letter of employment from the tenant. The tenant will then put down a holding deposit of one month's rent.
- Once the offer letters have been signed, the tenancy agreement is drawn up. Landlords often prefer to use their own agreements or we are happy to provide a basic one for you to use. On signing the Tenancy Agreement, the tenant will pay an additional 2 months rent to be held by you as deposit for the duration of the tenancy, the initial holding deposit then becomes the first months rent.
- We will organise for the tenancy agreement to be stamped by the Government. Stamp Duty is split equally between the tenant and the landlord and is charged at 0.5% of the average yearly income plus $5.0 for the copy.
- A handover will be done on the day the tenancy, commences when a brief report of the state of the property is made along with the handover of keys and the utilities will be switched over to the tenants name.
- A commission fee of 50% is payable by the landlord to Sallmanns.
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A brief guide to selling your property:
- Once you have instructed Sallmanns to sell your property it will be marketed on our website www.sallmannsres.com and on PropGOLuxury www.propgoluxury.com (with your permission)
- Access for potential purchasers to the property will be agreed.
- You will be required to sign a Form 3 which is an agreement between Sallmanns and yourself. This is required under The Estate Agents Ordinance.
- On accepting an offer, a provisional sale and purchase agreement will be signed between you and the potential buyer.
- Once the provisional sale and purchase has been signed, the purchaser will pay an initial deposit between 3-5% of the agreed price of the property.
- Both parties will need to seek a solicitor who will need to represent them through the transaction and each party will bear their own legal costs.
- Upon signing the formal agreement for sale and purchase the purchaser will need to pay a further deposit which will amount to 10% of the agreed purchase price.
- The remaining balance will be settled before or upon the agreed completion date.
- A commission fee of 1% is payable by the owner to Sallmanns.
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