Commercial Property Lease fees and Commission

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?
 
Usually there is a sliding scale on the leasing fees.

ie for a 1 year lease they get 10% of the first year's annual rent, 11% for a 2 year lease, 12% for a 3 year lease etc.

Our standard management fee is 5% which is pretty standard in our area but it may be different in the area where your property is located. Maybe speak to a couple of other agents and see what they charge, although I also think there would be room to move here.
 
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