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For rental renewal, must Landlord pay commission to property agent?
1st renewal ?
2nd and subsequent renewal?
What is the practice now?
Can Landlord not pay property agent for 2nd renewal onwards and negotiate with exisiting tenant directly for renewal?
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2 Answers

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Commission for Lease Renewals:
Landlords typically pay commissions to real estate agents for both new leases and lease renewals.
If the same tenant renews the lease, the landlord is usually obligated to pay a commission again to the agent who initially brought them the tenant1.
The commission amount varies but is often valued at half a month’s rent for EVERY 1 YEAR RENT
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