How much commission do agents charge, and who pays?
10 March 2021
The commission payable on leasing deals varies by the type of property and the length of the lease terms. For a short term residential lease the commission would be equivalent to 1 month’s rent, or less. Longer terms can attract commission of up to 2 months rent.
Occuaptional commercial leases will attract commission of between 1 and 2 months gross rent (rent + service charge).
Commissions are typically paid by the Landlord, unless the Tenant has specifically hired the agent to act as their representative.