Residential Rentals - Commissions and Fees
Brokerage Commission on Residential Rentals
Rental commissions are earned when a rental contract is signed. The commission plus the VAT is payable upon signing the lease or in the Landlord’s case, upon receipt of the first payment of rent and/or the security deposit.
Our brokerage commissions are:
• Long term – 12 months or longer: Commission equivalent to one month’s rent plus VAT, according to law paid by both the property Landlord and the Tenant.
Rental commision in case of managed unit is 50% of one month´s rent plus VAT.
• Short term – Commissions paid by both the Landlord and the Tenant. The fee for each side is 20% of the total value of the lease contract for the specified rental period but not to exceed the equivalent of one month’s rent plus VAT according to law.