Commission Agreement
Short definition
A commission agreement is a contract between the client and the real estate agent that regulates the amount, due date, and conditions of the agent's commission.
Who pays the broker commission for a rented apartment?
Since the introduction of the ordering principle (Bestellerprinzip), the person who commissioned the broker generally pays the commission. For rented apartments, this is usually the landlord. The tenant only pays if they commissioned the broker themselves.
When is the broker commission due?
The broker commission is usually only due once a rental or purchase contract has been successfully concluded. The prerequisite is that the successful mediation was causally brought about by the broker.
Practical Context
Commission regulations often cause uncertainty, especially regarding rented apartments. The legal requirements establish clear responsibilities, but in practice they often lead to follow-up questions.
Example
If the landlord commissions the broker, they bear the commission in full – even if several interested parties are involved.
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More terms
Full glossary
Apartment handover
The apartment handover refers to the formal return of a rental apartment by the tenant to the landlord upon termination of the tenancy. It includes a joint inspection, the documentation of the property's condition in a handover protocol, and the return of all keys. The objective is to record the state of the apartment in a legally secure manner.
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cosmetic repairs
Cosmetic repairs are measures taken to eliminate signs of wear and tear, such as painting or wallpapering.
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Handover protocol
The handover protocol is a written document that records the condition of a rental apartment at the time of handover. It documents defects, meter readings, keys, and agreements between the tenant and the landlord.
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