Service & Agent fees

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Member since 17 May 2013

tippkevMember29 May 2013 09:45:52

Hi guys, I was reading an article yesterday about charge for estate agents & property service charge for renting. Can anyone confirm the below for me?

Estate agents charge 10% of first months rent + vat

Monthly property service charge of 18%

Many thanks

kev

georgeingozo ViP

Member since 24 March 2010

georgeingozoViP29 May 2013 11:03:08

3703

sounds about right (paid by the owner)

tippkev Member

Member since 17 May 2013

tippkevMember29 May 2013 11:10:07

Hi George, many thanks for the reply. Well thats goods news if the owner has to pay the service charge and not the tennant, that would certainly bring the rent up! Yea the estate agent fee's are very saucy in Malta....

Thanks again,

Kev

georgeingozo ViP

Member since 24 March 2010

georgeingozoViP29 May 2013 11:13:25

3703

Those aren't the normal estate agent fees, but ongoing fees if the owner wants the agent to manage the tenancy - I'd say its quite rare for owners to use an agent to do this

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert29 May 2013 12:36:57

9883

georgeingozo wrote:
Those aren't the normal estate agent fees, but ongoing fees if the owner wants the agent to manage the tenancy - I'd say its quite rare for owners to use an agent to do this

id say that was about right - i done know any owners who would want to pay a penny when a halfpenny would do...lol

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