Renting office space is an important step for many businesses. Finding and securing the right premisses involves collaborating with commercial real estate agents. Understanding the payment process to real estate agents is important in planing and successfully landing your new office space. This article aims to shed light on all the aspects of agency fee when renting office space in Malta.

1. Agency Fee:

Real estate agents in Malta typically charge a commission for their services, known as the agency fee. This fee is usually calculated as a 10% of the annual rent and are payable by both the owner and the tenant. It’s essential to clarify this aspect early in the process to avoid surprises later on.

2. Payment Timing:

Typically, the agency fee shall be paid upon signing the lease agreement. It’s essential to be prepared for this financial commitment and factor it into the overall budget for renting office in Malta. Understanding the payment timeline will help you to plan accordingly and ensure a seamless transaction.

3. Receipts and Documentation:

Once the payment is made, it is crucial to obtain proper documentation, including a receipt from the real estate agency. This documentation serves as proof of payment and can be valuable for record-keeping purposes.

Renting office space in Malta involves collaboration with commercial real estate agencies, and understanding the payment process is key to a successful process. Tenants must be well-informed to navigate the real estate landscape effectively. By addressing these financial aspects early on and obtaining proper documentation, businesses can embark on their office space journey in Malta with confidence and transparency.

If you require guidance regarding your new office search in Malta, feel free to reach out to Office Market a leading commercial real estate agency, via phone +356 7949 5969 or email info@officemarket.mt