Frequently Asked Questions

How much will it cost in Agent’s Fees to sell my property?

Agent's fees have been deregulated and therefore you may find some variation between Agents. It is important to remember that, in many cases, you only get what you pay for and therefore careful consideration should be given to what is to be included in the fee. Your choice of agent should not be based on the lowest fee but more on their professional approach, their skill level and the support they have from the company they represent. Remember, a well skilled, well paid agent may be able to negotiate a sale price that is much higher than a poorly skilled, cheaper agent, thereby more than offsetting the extra you will pay in fees.

How much will it cost in Agent’s Fees to have my property managed?

Management fees are negotiable and dependant on the value of the lease, its term and the type of building involved. Our staff will be able to give you an accurate estimate of our management fee for your property upon request.

How much will it cost in Agent’s Fees to have my property leased?

Leasing fees are negotiable and dependant on the complexity of the leasing deal, the value of the lease and the extent of marketing required. Our staff will be able to give you an accurate estimate of our leasing fee for your property upon request.

What is the term of a commercial or industrial lease?

Leases can vary in their length, with terms of three years or five years being the most common. In addition to the original term of the lease, some leases may provide for an option in the tenants favour to extend the lease for a specific period of time. To find out what is applicable for your needs, speak with one of our leasing or property management staff today.

As a tenant are there any other costs that I am responsible for in addition to the rent?

In some cases you will also be required to pay for the outgoings associated with the premises, such as insurance, rates and maintenance. Be sure to speak with one of our staff before signing a lease to ensure that you are aware of all of your responsibilities.

As a tenant, do I have to pay a bond when I lease a commercial or industrial property?

In most cases you will be asked to pay a tenancy bond prior to receiving the keys to ensure compliance with the terms of the lease.

Does GST apply to all commercial or industrial real estate transactions?

No it does not. GST is applicable in some cases but not in all. If you own a Commercial or Industrial property we strongly suggest that you get advice from a tax professional to determine whether you are liable to pay GST.

Does O’Neil Real Estate handle the sale, leasing or management of retail premises?

Yes, very much so. In addition to factories, offices and showrooms we also handle shops and small retail centres.