If a broker is used and the property is listed, then the commission is paid by the landlord. The tenants do not pay commission, unless there is a special agreement signed by the prospective tenant and their respective agent for a service fee of some sort, but this is rarely the case.
Sometimes tenants will pay for a vacancy or available rental list and those lists allow the landlord to list the property without a payment, but most of these services only give a free text listing and you would still have to pay to get photos, better placement, etc.
If you want to get your property leased out with the minimum hassle to you, have someone else show up for all the inquiries throughout the day, perform all the credit checks and tenant screening, and coordinate all the paperwork, then hiring an agent familiar with leasing would be your best bet and it would be worth your paying their commission.
I am happy to assist with this if you are looking for someone. Please let me know.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ
RichardKas@gmail.com - http://www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
Normally commissions are paid by the seller of the property, or in this case the Landlord. The landlord or owner will hire an agent to help them market and lease their property, and the agent will split their commission with the agent who brings in a qualified tenant.
William Dorich, Realtor and author of the book, Defeat Foreclosure
Commission may be paid in several ways.
If you are the owner of the property, You may retain an agent to represent your interest. If you do, you will pay a commission to your agent. In addition, if you place the property in the MLS, a portion of the commission will be paid to the tenant's agent.
If you are a tenant, unless you have an agreementt with an agent to represent you exclusively, you will not pay a commission.
If you do have an exclusive agreement the commission will have been set up at the time you signed up with your agent.
The amount of commissions are negotiable. Customarily, anywhere from 6 to 10 percent is paid on the total amount of year's lease. On a month to month tenancy, the commission rate is 42 percent of 1 months rent.
Hope this helps.
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