Quote:
Originally Posted by White Nancy
...Whilst this was going on, a thought struck me as she was talking about negotiating rents. The system, as outlined earlier by Diz is that you pay your agent a commission of 1 months rent for a 1 year lease and 2 months for two years. The owner pays the same to his agent...
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This only should apply when the rent is less than $2,500 per month. I posted a link earlier which confirms this in one of my earlier posts. (Click
here).
Also, make sure you check the Lease back against the Letter of Intent. I was not so careful and the nice little clause that stated I had the option to extend my lease for a further year at the same rental price, somehow managed to disappear off the Lease. After I had signed, I noticed this and gave my agent a good bollocking, but he just shrugged his shoulders and smiled. The rental on my place has risen something like $1,500 a month so that mistake will cost me a lot of money in the long run.