How do you structure your lease-up commission with leasing agents for recently completed multifamily buildings?
when you finish a project and begin the lease up process, what arrangement do you have with the brokerage firm and their agents? if its OP, do you come to a predetermined fee? is each apartment leased a fixed fee to the firm? are there bonus hurdles? what about paying outside brokers?
any insight into this would be appreciated. Thanks!
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