Agent's commission on long term rental
Agent's commission on long term rental
I am looking to lease a condo for a long-term (12-24mth) rental and am being asked to pay agent's commission of approximately 6-7% of the monthly rental each month. Is this normal practice in Hua Hin as I am used to paying agent's commission as one upfront payment of about one months rent? Paying 6-7% a month sounds like I am paying the management fees of the agent, which the landlord should pay.
Re: Agent's commission on long term rental
If you are renting through an agent the commission should be included in the price they give to you.
If not renting through an agent there's no reason to pay them a commission.
edit - sorry, yes commissions on rentals are a percentage of the monthly rent, not a 1 time fee (in most cases).
If not renting through an agent there's no reason to pay them a commission.
edit - sorry, yes commissions on rentals are a percentage of the monthly rent, not a 1 time fee (in most cases).
Re: Agent's commission on long term rental
In my experience of renting two differently owned propeerties both exceeding 6 months I did not incur any agents fees, it is normal for these to be paid by the owner. However if you asked a particular agent to find you a rental property, which did not happen to be on their books this could be different, I suppose, but generally they would make an arrangement with the other agent.
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Re: Agent's commission on long term rental
On the occasions we've rented places here, we only paid rent. I automatically assumed the owner pays the agent, and as such, it should be included in the rent. I might be wrong, but if it were me, I would find a different agent/condo. Let's just say, talk of additional fees would set my alarm bells ringing.
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Re: Agent's commission on long term rental
The advice you have been given (that I concur with) is that it is not normal for the renter to pay the Agent fees, but at the end of the day, if you are happy with the condo and the price is right then that's the main consideration.
Re: Agent's commission on long term rental
FYI - We charge absolutely no commission, just a small flat fee for a listing on Hua Hin's best read website.
For details contact us: www.huahinmedia.com
For details contact us: www.huahinmedia.com
Re: Agent's commission on long term rental
Thanks so much for your very helpful replies.
It appears as musungu suggested, that the property i was after was not on this particular agent's books, hence their need for an additional commission. Have now found the agent who listed the property so all good ... no commissions.
It appears as musungu suggested, that the property i was after was not on this particular agent's books, hence their need for an additional commission. Have now found the agent who listed the property so all good ... no commissions.