It is very common in commercial real estate for the agent that placed the tenant in the property to receive a commission for a lease extension. As in call cases - commissions are always negotiable between the owner and the agent / broker involved. Often times - commissions for lease extensions / renewals / additional space, etc. is covered in the original listing agreement. If such is not the case - then - again - negotiable. Often times in the market place we find that renewals are less than the original commission - ie: if the original commission was - say - 4.5% - a renewal would be paid on 2.25%.
Jan 24, 2011