Asked by Anon
Hi, I have rented a shop. Agent told me that I should pay him 1 months commission for the rental of this property for 2 years and option of 2 yrs and the commission should be paid directly to his name, not his companies name. Although the tenancy agreement will be signed soon and I have no objections in paying him the amount of commission requested, I have a few queries:
1) Is it true that agent should not be getting commission from both landlord and tenant unless otherwise agreed?
2) In the case of a 2 yr lease agreement, the commission payable is 1 month?
3) Commission payable should be paid to company and never to agent?
4) If I paid commission to agent, what can possibly happen? Am I liable to company for the commission paid out to agent instead?
Kindly advise.
Thanks.
1) Is it true that agent should not be getting commission from both landlord and tenant unless otherwise agreed?
2) In the case of a 2 yr lease agreement, the commission payable is 1 month?
3) Commission payable should be paid to company and never to agent?
4) If I paid commission to agent, what can possibly happen? Am I liable to company for the commission paid out to agent instead?
Kindly advise.
Thanks.
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