Double and Triple Commissions from Rapaki Property Group
Rapaki Property Group is pleased to announce a new leasing initiative for the six months from 15 January 2010 to 15 July 2010. For our buildings, we will pay TRIPLE COMMISSION for leases written over six years in duration and DOUBLE COMMISSION for leases of under six years.
Terms and conditions:
1. This offer is valid from 15 January 2010 to 15 July 2010.
2. To be eligible, an unconditional Agreement to Lease must be signed before 15 July 2010. There may be some reasonable exceptions to this, but they will need to be discussed and agreed at the time and on a case by case basis.
3. Lease duration is measured less any rent free periods or other incentives offered. Accordingly, a six year lease with a one year rent free period, Landlord’s fit-out or similar would only be considered a five year lease and eligible for double commission only. To qualify for triple commission it will need to be seven years. The value of any incentive is calculated against the value of the lease term at the quoted rate in the Rapaki Property Group list of vacant space as emailed on 15 January 2010.
4. Commission is calculated by reference to the standard scale of fees set by each Real Estate company on 15 January 2010 and will be paid as per the standard process.
5. As per usual, effective agency is the most important criteria in determining who receives the commission. We will however notify you if a tenant has been taken through our buildings with another agent or directly through us.
6. CHRISTCHURCH AGENTS. Golden House (728 Colombo Street), Union House (193 Cashel Street) and the Waltham Road collection of properties are excluded from this incentive.
We look forward to working with you in the months ahead.
SIMON HENRY – Managing Director
15 January 2010
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Double and Triple Commissions from Rapaki Property Group
February 15, 2010 Leave a Comment
Rapaki Property Group is pleased to announce a new leasing initiative for the six months from 15 January 2010 to 15 July 2010. For our buildings, we will pay TRIPLE COMMISSION for leases written over six years in duration and DOUBLE COMMISSION for leases of under six years.
Terms and conditions:
1. This offer is valid from 15 January 2010 to 15 July 2010.
2. To be eligible, an unconditional Agreement to Lease must be signed before 15 July 2010. There may be some reasonable exceptions to this, but they will need to be discussed and agreed at the time and on a case by case basis.
3. Lease duration is measured less any rent free periods or other incentives offered. Accordingly, a six year lease with a one year rent free period, Landlord’s fit-out or similar would only be considered a five year lease and eligible for double commission only. To qualify for triple commission it will need to be seven years. The value of any incentive is calculated against the value of the lease term at the quoted rate in the Rapaki Property Group list of vacant space as emailed on 15 January 2010.
4. Commission is calculated by reference to the standard scale of fees set by each Real Estate company on 15 January 2010 and will be paid as per the standard process.
5. As per usual, effective agency is the most important criteria in determining who receives the commission. We will however notify you if a tenant has been taken through our buildings with another agent or directly through us.
6. CHRISTCHURCH AGENTS. Golden House (728 Colombo Street), Union House (193 Cashel Street) and the Waltham Road collection of properties are excluded from this incentive.
We look forward to working with you in the months ahead.
SIMON HENRY – Managing Director
15 January 2010
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Filed under Industry Commentary Tagged with Agents Commissions, Rapaki Property Group