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Landlords|Property Management in Reading|Space Lettings - Space lettings


In an increasingly competitive world, SPACE is able to maintain a strong presence, by placing your property in a commanding market position.

We offer:

Introduction Only

In which you will have full control, we will find tenants for you, take the deposit and the first months rent, we will take references and do a credit search on the tenants for you or guarantors (if students), prepare the assured shorthold tenancy, arrange for the tenants to come in and sign the contract and will then account over to you.

Rent Collection

Some landlords do not like chasing their tenants for rent payments and only want limited contact, in these circumstances we do everything as listed in the introduction service as above but also set up standing orders to receive the rent into us and account over to you once the rent is in. We also chase late rent payments and advise for legal action should the rents not come in.

Full Management

Once again, all of the two services above are included. We also take over responsibility for the property with a refreshing difference, we do not take a “kitty” or set up a “Float” with you, we make it simple, we call you and advise of current ongoing problems and then give you an idea of cost, before proceeding with the work. The only exceptions to this will be for out of hours emergency calls, such as water leaks, gas leaks, or dangerous electrical situations. In these circumstances we will call a tradesman immediately to minimize any further risk to tenants and prevent any further collateral damage that could occur. Other features of our fully managed service includes the following;

  • Deposit protection
  • Collecting Rents
  • Chasing late or unpaid rents
  • Maintenance call outs from tenants
  • Gas safety inspections (separate charge)
  • 24 Hour call out service
  • Check in
  • Check out
  • Tenant deposit disputes
  • Serving of legal notices
  • Periodic property inspections
  • Arranging for professional Inventories (separate charge)

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Breakdown of fees

SPACE L&M Ltd is not a member of a Client Money Protection Scheme

All fees are inclusive of VAT:

  • Introduction only - 60% of first month’s rent
  • Rent collection – 9.6% of monthly rent
  • Full management – 12% of monthly rent

Additional services available:

  • Protecting deposit on behalf of landlords - £78
  • Other services such as EPCs, gas safety certificates, electrical wiring certificates can be quoted for.
  • Inventories / Check in fee – to be paid by landlord at the beginning of tenancy in table below:

Click Here for our Professional and Student Fees Click Here for our Professional and Student Fees

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