Normally, agents charge 8% to 10 % of the base annual rental for new tenants for leasing fee. Can anyone tell me how much do agents charge the owners for leasing fee for existing tenants who renew a contract/lease (generally speaking)?
(If there are information on the website please provide the link also)thanks [
]Afternoon Daniel,
I’m a commercial leasing agent and typically we would charge 50% of our standard scale of fees being 11% of gross annual rent excluding GST for a new 3 year lease or 15% for 5. This applies to negotialtion of a new lease with an existing tenant.
This is a bit of a grey area though as I know of agents who charge a full scale. It should be detailed in the managing agents agreement and should further stipulate fees in respect to market reviews, exercising of options etc.Cheers[^]
Afternoon Daniel,I’m a commercial leasing agent and typically we would charge 50% of our standard scale of fees being 11% of gross annual rent excluding GST for a new 3 year lease or 15% for 5. This applies to negotialtion of a new lease with an existing tenant.
This is a bit of a grey area though as I know of agents who charge a full scale. It should be detailed in the managing agents agreement and should further stipulate fees in respect to market reviews, exercising of options etc.Cheers[^]
Thanks so much Captain, I know some agents who charge the full fee for existing tenants. Thanks for the information. It really helps and must choose and negotiate with agents carefully.
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