If you’re looking for a commercial property in Malta for rent or for sale, it is advisable to engage a competent commercial property agency. Property consultants specialised in the commercial property market will facilitate the process and offer guidance related to standard practices, potential properties, locations, and current market trends.
Once you have found a reputable agency, the next logical step would be to communicate the specifics of the commercial property required. You may also want to discuss date of entry, budgets, locations, term durations, and potential expansion being factors that will ultimately affect the properties your estate agent will present to you. A commercial property agency in Malta will normally schedule an appointment for viewings of the most suitable properties based on the requirements of their clients.
Commercial Property Agencies in Malta collect a ‘finders fee’ for presenting their clients with a suitable property for their operation. Once a property has been selected by their client, an agency will take on the role of the mediator, and negotiator through which an mutually beneficial agreement is reached by parties involved. You may use the information listed below as a reference guide for the standard rates or fees charged by estate agents for their property services.
3.5% of sale value + 18% VAT (Payable by vendor)
5% of sale value + 18% VAT (Payable by vendor)
10% of one years rent + 18% VAT payable by Landlord / Lessor, and
10% of one years rent + 18% VAT payable by Tenant / Lessee
In case of premium, 5% of premium + 18% VAT payable by lessor
For business that may be renting out residential property for their employees, it may help to be familiar with the estate agency fees related to residential rentals.
Half of one month’s rent + 18%VAT payable by Landlord / Lessor
Half of one month’s rent + 18%VAT payable by Tenant / Lessee
10% of the total rent + 18% VAT payable by Landlord / Lessor, and
10% of the total rent + 18% VAT payable by Tenant / Lessee