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hi, i am currently renting a place for 1 year and the lease will expire end of this year. if i would like to do a short extension of 4 months, may i know what sort of commission will the agent charge the owner? is it 0.5 months times the agreed monthly rental price?
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4 Answers

There is no standard for commission. It is to be pre-agreed between landlord/tenant and the agent. Read More
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Mani Subramanian Veeramani
Hello!

Here’s what you can expect in your situation:

- For lease extensions, the agent typically charges the owner a pro-rated commission based on the extension period.
- The commission is often calculated as a percentage of the agreed monthly rental. For a 4-month extension, it could indeed be 0.5 months of the rental, but it depends on the specific arrangement between the owner and agent.
- It's always best to clarify the terms with the agent directly to avoid any misunderstandings.

Hope this helps!

Thank You.

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