Every region charges different brokerages as per the work. The Below brokerage fees are in Mumbai Region for Resale & Rental
In SALE/PURCHASE of a Property
- A) where we act on behalf of both the buyer and seller, commission at the rate of 1% shall be paid by each party
- B) where we act on behalf of either the buyer or the seller, commission at the rate of 1% shall be paid by the party for whom the member acts
In RENTAL/LEASE/LEAVE & LICENSE of a Property
- A) where we act on behalf of both the Leaser and Lessee/Tenant, commission at the rate of
- a) 1 month’s rental shall be paid by each party if the agreement is for 3 years or less
- b) 2 Months rental will be paid by each party if the agreement is beyond 3 years
- B) where we act on behalf of either the Leaser or the Lessee/tenant, commission at the rate of
- a) 1 month’s rental shall be paid if the Lease agreement is for 3 Years or less
- b) 2 Month’s rentals will be paid if the Lease agreement is beyond 3 Years
- C) Any Renewal of Rental Agreement
- a) 1 month’s rental shall be paid by each party if the agreement is for 3 years or less
- b) 2 Month’s rentals will be paid if the Lease agreement is beyond 3 Years
Terms & Condition of Payment
- The Brokerage or commission fees have to be paid to us at the time of execution of the Deed of Transfer or Agreement for sale or Completion of the transaction or Possession of the said property, whichever is earlier
Please Note
- In case of cancellation of the deal, the party whom we represent shall be entitle to pay Commission or Brokerage fees to Spectraa Real Estate Advisory
- Fees paid in the form of Brokerage, Commission, Services Charges or under any other name, shall not be refunded under any circumstances.
Government Taxes
- Taxes are additional to the brokerage amount.
- 18% GST applicable on the services of a Real Estate Broker – brokerage commission. It is same for residential properties, commercial and industrial properties.
