Usually, the renter or tenant has to pay the brokerage fee if they have taken the broker’s help in finding a suitable property. However, you should also know that these real-estate agents provide services for both renting and selling of properties. We bought our first flat with the help of a broker, so I have a bit of an idea about this. So, let me help you understand who pays the broker fee when renting.
Who Pays Broker Fee for Rental?
Whether you’re a seller or a renter, usually brokers charge a minimum amount similar to one month’s rent, and a maximum amount of 3 months’ rent in cities like Mumbai and Bangalore. There are several factors that affect these charges. For example, the rental rates vary from city to city, and sometimes it can vary based on the locality as well. These rates will significantly affect the brokerage fees. Here are some more factors to consider.
Property Type
Rental Tenure
Market Trends
What are the Brokerage Fees for Renting in India?
As mentioned above, the charges will depend on the city you live in. The brokerage fees are typically higher if you’re based in Bangalore or Mumbai, and lower if you’re from cities like Kolkata and Chennai.
Cities | Brokerage Charges |
Mumbai | 1-3 months |
Chennai | 1 month |
Bangalore | 6 months |
Delhi NCR | 1-2 months |
Pune | 1 month |
Kolkata | 1 month |
Hyderabad | 1 month |
Ahmedabad | 1 month |
So, you can see the differences in brokerage fees in all the major cities. These fees are usually negotiable, so I’d suggest you shortlist a few apartments/properties and then look for the most suitable one before starting with the negotiations.
If you’re a landlord and want to avoid paying brokerage fees,
List Your Property on NoBroker for Free and Get Verified Buyers Quickly.But, if you are a tenant you can
get rental property without brokerage via NoBroker.Read more
How Can an Owner and a Tenant Make an Agreement without Paying Brokerage?
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Authors Of The Question
Who Pays the Broker Fee When Renting?
Gagan
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2025-01-08T10:26:28+00:00 2025-01-08T10:26:28+00:00Comment
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