Gross Rental
Gross rental is the total rent, including rates and taxes, sewerage, refuse, security etc. Gross rental is made up of net rental and operating costs. Operating costs are those costs that are allocated to the maintenance of the property such as security, insurance, garden service and lift maintenance. Usually applicable to a sale.

Common Area
The areas of a property that are for common use by all tenants/owners such as foyers, lifts, landings, communal toilets, stairwells, gardens and parking areas. Usually applicable to offices.

Tenant Allowance
Usually a Rand-value allowance given to a tenant who takes out a lease, to be used for improvements within the premises such as floor covering, partitioning etc. The landlord could also give the TI as a rate per square meter or rent free period. Usually applicable to a new / refurbished buildings.

Beneficial Occupation
The date from which the tenant may access the premises in order to prepare the premises for occupation. Applicable to sales or rentals.

Annual Escalation
The percentage by which the rental increases each year, usually on the anniversary of the lease agreement. Usually applicable to rentals.

Renewal Period
The negotiated period after the expiry of the initial lease period that the tenant wishes to continue occupying the premises. Usually applicable to a rental.

We invite all landlord and sellers of commercial and industrial properties to list their stock on our website

Our broking fees are negotiable on the mandate received and services rendered. Fees are based on tariffs as suggested as a guideline by the South African Property Owners Association www.sapoa.org.za and the Estate Agents Affairs Board www.eaab.org.za which are as follows:

SALES:  6% on the first R 2 million
3.5% on the next R1million
2.5% on the balance of the sale price+ 14% Vat

LEASES: 5% of the first 2years income
2.5% on the next 3 years income
1.5% of the next  3 years income
1% on the balance of the income + 14% Vat

Leasing brokerage fees are due and payable once the agreement of lease is signed, the deposit monies paid and first month rent has been received by the landlord.

Brokerage fees on a Sale, is paid on transfer of property to the buyer, by the attorney    handling the transaction of the property.