12 Apr '18, 1am

Overseas property management 101: Understand the commission scheme

Once the paperwork has been sorted out, you are on your way to becoming a BTL investor – and perhaps even a successful one, if you play your cards right. 2 types of commission schemes The initial commission The initial commission is payable if the tenant who enters into tenancy in your property was introduced by City Docklands Limited – which means it is payable even if the tenancy wasn’t finalised by us. This commission is charged as a percentage of the total rental value of the agreed term as specified in the tenancy agreement. If the tenancy is terminated prior to the agreed term, we will refund part of the commission to you. The amount refunded varies according to how far before the agreed term the tenancy was terminated, as well as whether it was terminated in accordance to a break clause. The renewal commission The renewal commission is payable when the original tena...

Full article: https://www.iproperty.com.sg/news/overseas-property-manag...

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