Commercial rent is the total cost you pay to lease a commercial property, usually expressed annually or monthly. It includes the base rental rate and operational expenses. The rental agent's fee is typically a percentage of the annual rent and is paid for the service of helping you secure the lease.
To calculate the annual commercial rent:
\[ \text{rent} = \text{area} \times \text{rate} \]
To calculate the rental agent's fee:
\[ \text{fee} = \text{percentage} \times \text{duration} \times \text{rent} \]
Suppose you are renting a commercial space with the following details:
First, calculate the annual rent:
\[ \text{rent} = 500 \times 20 = \$10,000 \]
Next, calculate the agent's fee:
\[ \text{fee} = 0.05 \times 3 \times 10,000 = \$1,500 \]
So, the annual rent is $10,000, and the rental agent's fee for the lease duration is $1,500.
