Commercial Rent and Agent Fee Calculator

Example

Suppose you are renting a commercial space with the following details:

• Total area: 500 m²
• Rental rate: $20 per m²
• Agent's fee percentage: 5%
• Lease duration: 3 years

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.