Only 35% of rental property owners choose to entrust a real estate agency with the management of their property.* While this option relieves landlords of all aspects related to renting and maintaining their property, this peace of mind comes at a cost.
Management fees, often high, can also vary significantly from one agency to another.
Before signing a contract with an agency, it is advisable to request multiple quotes to compare property management costs and facilitate negotiation.
Real estate agencies set their fees freely. While some offer a fixed rate, most adjust their fees based on factors such as:
On average, management fees amount to 4.5% excluding VAT. However, most agencies list their prices excluding VAT, meaning an additional 20% VAT must be added—a detail many landlords overlook as they usually cannot reclaim VAT.
⚠️ For a full-service property management contract, covering almost all management aspects, expect to pay around 9% including VAT.
The more properties you own and the higher the rent, the better your chances of negotiating lower fees.
A rental mandate is a contract that binds the property owner to a real estate professional. It defines the terms for finding tenants and managing the rental process.
There are two main types of mandates:
1. Full Property Management Mandate
2. Simple Rental Mandate
💡 Important Note: The tax declaration of rental income is not included in standard property management contracts and is often billed as an additional service.
The compensation for real estate agencies is outlined in the property management contract.
To protect tenants and landlords from excessive fees, the ALUR Law has imposed caps on real estate agency fees:
Additionally, fees can be shared between the landlord and the tenant, but the tenant’s share cannot exceed that of the landlord.
Whether your property is managed by an agency or you handle it yourself, Qlower is here to assist you at every step of the rental process.
💡 Facing issues like unpaid rent or property damage? Our expert teams are always ready to help.
👉 If you are reconsidering your management strategy, use the Qlower savings simulator to compare the costs of agency management and accounting!
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