Apologies in advance if this is already posted somewhere else.
Looking at a Form 21a for appointment of a PM for a Commercial property in QLD.
Draft says 6% + GST for rental monies collected, which seems pretty standard.
Under Commission, they have put in 15% of the first year's rent.
Seems steep to me - $40k in rent, means they collect $6k - as well as 6% of rent!
Any advice on what is standard at the moment?
Looking at a Form 21a for appointment of a PM for a Commercial property in QLD.
Draft says 6% + GST for rental monies collected, which seems pretty standard.
Under Commission, they have put in 15% of the first year's rent.
Seems steep to me - $40k in rent, means they collect $6k - as well as 6% of rent!
Any advice on what is standard at the moment?