The standard fee of commercial agency fee when renting an office space in Malta is usually 10% of the first year’s agreed-upon rental price plus VAT (18%), payable from each party: the lessee and the lessor.
In Malta, the commercial agency fee is typically paid upon signing the lease agreement or at the start of the lease. The fee is due regardless of the lease’s commencement date, and it is often paid in full at that time. Here’s the breakdown:
When to Pay: The tenant and landlord both pay 10% of an annual rent + VAT when the lease agreement is signed or before the tenant takes occupancy.
As the market continues to evolve, OfficeMarket.mt has designed its commercial agency fee structure to reflect current market trends, ensuring both affordability and fairness for clients. Below, see detail fee structure based on the rental price of office spaces.
For office spaces with a monthly rent of up to €3,000 (excluding VAT), the agency fee is 10% of the first year’s rental price, plus VAT. The fee is a one-time payment due when the rental agreement is signed.
For office spaces with a monthly rent between €3,000 and €6,000 (excluding VAT), the agency fee is 7% of the first year’s rental price, plus VAT. Like all our fees, this is a one-time payment to be made at the signing of the rental agreement.
For office spaces with a rental price exceeding €6,000 per month (excluding VAT), the agency fee is 5% of the first year’s rental price, plus VAT. As with the other tiers, this is a one-time fee, payable upon signing the lease.
The commercial real estate market in Malta is rapidly shifting towards the lessor’s side, offering tenants a wider array of choices than ever before. With more options available, businesses now have the opportunity to be more selective, ensuring they find an office space that truly suits their needs. On average, OfficeMarket’s clients review 10-12 office options before making their final decision. This extensive selection process is key to ensuring that businesses find the best possible fit for their operations.
This straightforward commercial agency fee structure provides clarity on the Commercial Estate Agency Fee when renting office space, while ensuring you benefit from our market expertise and professional service. Whether you’re renting a small office or a large corporate space, Office Market transparent and competitive fee rates are aligned with the growing variety of office options available. Our approach provides clients with flexibility and ensures they’re getting the best value for their investment.
The agency fee is generally paid when the lease agreement is signed by both parties (landlord and tenant). At this point, the deal has been finalised, and the agent’s services are considered completed in terms of securing the tenant and preparing the lease.
In some cases, the fee is paid before the tenant takes possession of the property. This ensures that both parties fulfill their obligation to the agent, and the agent is compensated for their services. The lease agreement is usually contingent on payment of the commercial agency fee.
If you’re looking for the perfect office space in Malta, OfficeMarket.mt and its founder, John Paul Barbara, are your go-to office finders in Malta. With over 10 years of experience in the commercial real estate sector, John Paul Barbara has built a strong reputation for providing tailored office leasing solutions for businesses of all sizes. As an real estate agency that focuses only on office spaces in Malta and market leaders offering best commercial agency fee rates on the island OfficeMarket.mt offers best experience, expert guidance, a wide range of office listings, and a smooth leasing process. Choose OfficeMarket.mt for transparent, professional service and the expertise to help you secure the perfect office space in Malta.
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