The landlord can elect to work with an Agent on a Finders Fee or Management basis.
Finders Fee
A Finder’s Fee is the equivalent of one month’s rent and is payable upon commencement of the lease. Agent responsibilities under a Finder’s Fee include:
- Marketing
- Showing the property to prospective tenants
- Preparation of the rental agreement
Management
The management fee is an upfront payment due at commencement of the lease of the equivalent of the first month’s rent, plus thereafter 7.5% of the monthly rental amount payable each month for the term of the lease. Agent responsibilities under management include:
-
​Marketing
-
Showing the property to prospective tenants
-
Preparation of the rental agreement
-
Inventory
-
Inspection of the premises prior to commencement and upon expiration of the lease
-
Liaising between Landlord and Tenant on essential maintenance requirements
-
Payment of service invoices and providing monthly statements to the Landlord
info@joylusher.com
441.236.5120
Darrell's Wharf, 89 Harbour Road, Warwick PG 01, Bermuda