Hi, I just want to ask how much do I have to pay the real estate agent who found this tenant for me. I was looking for articles and some says one month's rent and others say 2-3% commission rate if agent and 3-6% if it"s a broker. I'm not sure if this is fair but she's asking for one month's rent for the first year and another month's rent for the 2nd year and she asked to get the same for the renewal. Is this the going rate in the Philippines? Btw, I have a 2 bedroom condo unit in Serendra, BGC. Please help. I appreciate your input guys. Thanks.

It should be one month's rent for the first year only.

MichelleLim for Rental the commission rate would be the whole 1st month. The arrangement for the renewal is your call.

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I have a question a tenant of our condo unit have extended their contract. Now, the agent is asking another 1 month commission again, is this right? I hope I can get a reply soonest. Thank you.

PaquiboNoelen Hello, Its standard to give another 1 month commission to a broker or agent if the tenant renew another one year contract. But if the broker didnt exist anymore in signing another contract, No need to give commission to broker.

Is there any standard commission rate for commercial properties? I was able to give a tenant to a building (will lease whole building). 3 yrs contract. Owner offered to give this commission: half month rent per year x 3 years. no commission if tenant renews. What are your thoughts? monthly lease rate is 600K

I think 3-6% commission take an agent and a broker and it also depends on the tenant.

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its 1 Month Commission if its for Rental... the 3-6 % is the commision if the property is for SALE ...

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Rental Properties, Commission Rates

KOE

PaquiboNoelen Agree. One month commission for renewal or extension but it should be the agent who secures the signed renewal contract or agreement for you

gablaaaaaigo

KOE If my client chose 2 years of leasing, Will the broker have 2 first month in a year commision?

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