We offer a full range of property services whether you are a buyer, seller, landlord or looking to rent a home.
Our tailored approach puts the customer at the heart of everything we do at Space Residential. We have a number of trusted services and reliable contractors available through our extensive network of providers.
If you are selling, our online capabilities mean that your property is viewable across the globe at the touch of a button. The moment that you decide to put your house on the market, Space Residential will be ready to start the marketing process and get you moving towards sale and completion.
We will advise you on how to best present your home to the market, this may vary from arranging bouquets of flowers and fluffing the pillows to light refurbishments, planning applications or even full scale property development.
We are dedicated to orchestrating the sale and purchase of homes in our area. This is our specialism and we believe in sticking to what we know and doing it to the very best of our abilities.
Buying and selling a home is normally the largest financial transaction that we make. We believe it makes sense to ensure that you have all the financial information you require at an early stage of the buying and selling process so that you know where you stand. Space Residential have close ties to a local firm of reputable specialist financial advisers, who are available to assist you with advice about mortgages, insurance, pensions and investments. Why not make an appointment to meet a specialist at a time that suits you. Click here for one of our dedicated professionals to contact you or call us on 0208 906 2222 for further information.
We take the stress out of letting your property with our customer-focussed approach. Our network of contacts in the trade industry is made up of many trusted and respected contractors, allowing us to provide links with the services your property may require. We offer the following services depending on your needs and requirements:
(Subject to certain criteria and available ONLY on certain tenancies)
Referenced Tenants and Guarantors:
This is for landlords who wish to manage their own property but still wish to utilize the services of a professional agent to find a suitable tenant. These include:-
- Property inspection & valuation
- Advertising & Marketing of property
- Accompanied viewings
- Selecting suitable tenant(s) & subsequent referencing
- Preparation of Assured Shorthold Tenancy Agreement – minimum 12 months
- Collection of deposit (or bond) – usually equivalent to 6 weeks rent
- Collection of month 1 rent *Transfer of rent to landlord’s bank account less our fees
Tenant Find & Management
This is a comprehensive service, which allows the agent to collect the monthly rents and organise the maintenance requirements on behalf of the landlord. As per the Tenant find plus;
- Collection of monthly rents & subsequent transfers to landlord bank account
- Detailed monthly statements
- Organise repairs and/or maintenance
- Carrying out inspections
- Carrying out the Final Inspection which includes appointing an Independent Inventory Clerk, reading the meters, collecting keys.
We are also happy to advise on;
Saftey Regulations & Guidance
It is imperative that all landlords comply with the various safety regulations before they can enter into a Tenancy Agreement with a tenant. Failure to comply can lead to criminal or civil prosecution. The matters that a landlord has to consider are:-
- THE GAS SAFETY (INSTALLATION & USE) REGULATIONS 1998
- THE ELECTRICAL EQUIPMENT (SAFETY) REGULATIONS 1994 From 01/01/2005
- PART B BUILDING REGULATIONS (Electric Safety in Dwellings)
- THE FURNITURE AND FURNISHINGS (Fire) (Safety) REGULATIONS 1998 (Amended 1993)
- DEPOSIT PROTECTION SERVICE
We maintain a flexible attitude, and are generally able to adapt our service to meet our client's individual circumstances and needs, for example by providing a LET ONLY SERVICE, RENT COLLECTION SERVICE, or alternatively by taking on additional tasks and duties. These services are available on request.
Landlord Fees & Charges (all plus V.A.T)
Commission charge to the landlord for arranging a letting
At 8% of rents receivable based on a period of 12 months.
Rent collection charge to the landlord for collecting rent and providing monthly statements of account
At 3% of rents receivable based on a period of 12 months.
Management commission payable by the landlord for managing the property (Inc. of rent collection service above)
At 5% of the gross yearly rents received
Rent Guarantee Policy
£245-£300 depending on length of policy and number of tenants (Inc. of I.P.T.)
Inventory fees - Payable by Landlord at check-in depending on size of property
Will vary between: £120.00 to £200.00
Gas Safety Certificate - Payable by Landlord at check-in if they are unable to produce their own copy which is required by Law.
Landlord - £100
Energy Performance Certificate (EPC) - Payable by Landlord at check-in if they are unable to produce their own copy which is required by Law.
Landlord - £75
Administration charge relating to deposit protection.
Landlord - £150
Renewals & Other Charges during tenancy
Renewal charges to landlord for renewing tenancy
Due when it expires with the existing tenant renewing. Commission will reduce each year by 1% of the previous annual fee for the previous 12 month tenancy period payable in advance reducing to a minimum of 5% p.a.
Charges for statutory notices e.g. Section 21 or Section 8
Landlord - £100 if not under full management otherwise included in fees.
Charges for dishonoured payments, e.g. cheques bounced.
Landlord - £25
Charges for inspections and full report
Landlord - £100 if not under full management otherwise included in fees.
Charges if required to attend court, prepare court documents or assist with tenants’ eviction
Will vary depending on work involved but normally worked out at a rate of £150 per hour
Interest charges payable on late payments @ 8% p.a.
Becoming a tenant is made simple with our accessible and open service, dealing with any and all issues that could arise. We can tailor our services to suit your needs and your landlord’s, creating a friendly and straightforward interface to keep your life hassle-free. Renting is not always a simple process, but our staff are trained to explain to you what you will need to provide and help you along with the referencing process every step of the way.
As a rough guide, you will normally be asked to provide the following information:
- A minimum of 3 months banks for each tenant
- A minimum of 3 months’ pay slips for each tenant
- Proof of current employment, and normally a reference from your employer
- Current and valid I.D. (Passport or Identity Card with current VISA if applicable)
- A previous Landlords reference
In addition we may also request further information on your background as we see fit including but not limited to a full Credit Check, Proof of no criminal convictions or CCJ’s and a character reference if deemed necessary.
Please note tenants fees are applicable on all tenancy applications (whether successful or not) and vary according to the type, length and any specific requirements of the tenancy. Charges for each tenant start from £150 per person in addition to the first month’s rent plus a six weeks deposit (or bond) normally held by the Landlord or protected in one of the Government Approved Deposit Schemes. These fees cover the referencing and application process, the preparation and execution of a legally binding tenancy agreement, and are non-refundable. This will be explained to you in detail before you are asked to commit or sign anything.
Tenant Fees & Charges
(All Inc. of V.A.T)
Administration and referencing charge for arranging a letting.
Tenant - £150 per person over 18 years of age
Charge for arranging a guarantor (if required)
Tenant - £150 per guarantor
Administration and referencing charge for arranging a Company Letting
Per Company - £250.
Assignment of tenancy/transfer of tenancy where it is ongoing
Charge to the tenant for assignment etc if tenancy is transferred whilst it continues £150 per new tenant or if a new tenant is added or removed
Charges during tenancy
Charges for arrears letters/notification
Tenant - £25
Charges for letters/notification relating to other tenancy breaches
Tenants - £25
Charges for dishonoured payments, e.g. cheques bounced
Tenant - £25
Charge for renewing a tenancy - administration charge
Tenant - £50 per person over 18 years of age.
Inventory fees payable by Tenant
Tenant - £120-£150 (Payable at check-out at end of tenancy)
Charges for failure to return keys/change of locks
Tenant - £100-£250 depending ion Locksmith’s charges and type of locks or fittings
Retained Property Searches
We are also able to offer this service to our clients. The Director of the Company has been successfully conducting personal Property Searches for Clients since 2001 so has plenty of experience and knowledge in this very specialised area.
Property search is when you employ a Search Agent to work for you the buyer. It’s their job to act for you, advising and negotiating on your behalf to ensure you find and secure the best property according to your needs and wants. This often involves dealing with properties that are not readily available on the open market and is a discreet and bespoke service carefully tailored to each individual client.
A small fee is normally paid upfront and the balance being a percentage of the purchase price on exchange of contracts. By retaining the services of a Property Search Agent you will have the luxury of a tapping into the resources, knowledge and experience of an industry professional and crucially he or she will be on YOUR side to represent you during the minefield of finding, negotiating on your new purchase.
Please enquire for full details and the terms and conditions.
Whether you need an architect or interior designer, cleaner or gardener, mortgage adviser or removal firm, solicitor or surveyor, we work with some of the best and will be happy to help.