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Incentive Fees
An 'incentive' or 'contingency' fee is a charge related to the
degree of success achieved in the task for which it is payable.
A client may agree an incentive based fee for property instructions
with their appointed commercial property agent or surveyor.
For example, in rent review cases an incentive based fee,
if appropriate, is usually based on the degree of success
achieved in the negotiation that takes place between the parties.
Thus, in the case of representing the landlord, the higher
the level of the revised rent achieved, the greater the fee
payable to the commercial property agent or surveyor, or vice
versa in the case of representing the tenant.
It would not be usual to agree an incentive fee when the
commercial property agent or surveyor is appointed to act
in the role of an Expert Witness, for example Arbitration
or Court proceedings.
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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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Global Office Search
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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