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Agent's Fees This is the remuneration which is payable to a commercial property
agent for services performed, usually arising from a disposal
or acquisition transaction.
An agent appointed to identify suitable premises or dispose
of an interest, will normally expect to charge about 10% of
the first years rent, or in the event of a purchase/sale,
between ½% - 2% of the finally agreed sale price. Both
fee levels would usually be exclusive of VAT and disbursements.
A commercial property agent acting on your behalf can negotiate
appropriate lease terms or freehold conditions, based on their
market expertise.
They can also ensure that you only receive details of properties
that are suitable for your particular requirements and they
can adopt a role that prevents direct contact between the
vendor and the purchaser.
Agents can act on a retained or non retained basis. On a
non retained basis, the agent who introduces the property
to you or identifies the purchaser, will normally expect a
fee on a brokerage basis.
A retained agent on the other hand, will act exclusively
on your behalf and expect a fee arising from the transaction.
There are sole and multiple agency contracts. The latter
usually require a higher remuneration than sole agency contracts
but marketing coverage should be more extensive.
An agent should agree and confirm the basis of their instruction,
fee terms and conditions of engagement in accordance with
the Estate Agents Act 1979 (as amended).
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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London commercial property,London commercial property
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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