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Asked by RZ, Chicago, IL Mon May 4, 2009

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2
Fred Scovell, Agent, Chicago, IL
Mon May 4, 2009
Fair is what you negotiated for in your rental listing agreement; I have found rental commissions range from a flat fee /1 month or 1.5 months and up to 2 months for a 2 year lease. You should do a thorough investigation of the tenant's financial background to avoid early termination of any lease!
Fred Scovell
Rubloff Residential Properties
0 votes
Scott Newman, Agent, Chicago, IL
Mon May 4, 2009
What exactly isn't fair? If the tenant was only signing a 6-month lease then it's very common for only half the commission to be paid, if it's twice instead why shouldn't it then double?

If a tenant you put in the property for one year breaks the lease you wouldn't expect to get any money back, so it doesn't make sense for that to be the case for a 2-year lease either.
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