The fees charged by leasing agents can vary depending on various factors, including the location, the specific services provided, and the prevailing market rates. Leasing agents typically charge a percentage of the rental income or a flat fee for their leasing services.

The industry standard for leasing fees is usually equivalent to one month’s rent. This means that if the monthly rent for a property is $1,500, the leasing fee would typically be $1,500. However, it’s important to note that this can vary and is subject to negotiation between the property owner and the leasing agent.

In some cases, leasing agents may charge a percentage of the annual rental income instead of a flat fee. The percentage can range from 50% to 100% of one month’s rent, depending on the services provided and the local market conditions.

It’s worth noting that leasing fees are typically separate from property management fees. Property management fees are ongoing charges for the management and maintenance of the property, while leasing fees are one-time fees for securing a tenant.

When considering leasing agents, it’s important to discuss their fee structure upfront and clarify any additional charges or services included in the leasing agreement. This will help you understand the cost implications and make an informed decision when selecting a leasing agent for your property.