1. Sale of a property
TEAM Real Estate's sales fees are set at 3 % of the sale price excluding VAT, plus VAT at the applicable rate (currently 17 %).
For properties with a sale price below €350,000, a fixed flat fee of €10,000 excluding VAT applies.
The fees are payable by the seller, unless a specific contractual provision has been expressly agreed.
Where a buyer signs a search mandate, specific fees may be provided for; they are set out in the corresponding mandate.
The terms of remuneration and the payment terms are specified in the mandate signed with the agency.
2. Sale of a business
Fees for the sale of a business are set individually, by mutual agreement between TEAM Real Estate and the client, according to the nature, value and particular features of the transaction.
The amount of the fees and their payment terms are defined and set down in writing in the mandate, before any commitment.
3. Letting of a residential property
Agency fees for letting a home amount to one month's rent excluding charges, plus 25 %, plus VAT at the applicable rate (currently 17 %).
These fees cover the marketing of the property, the organisation of viewings, the selection of applicants, the drafting of the lease and the check-in and check-out inventories.
In accordance with Luxembourg legislation on residential leases, agency fees are split equally between the two parties:
- 50 % payable by the landlord.
- 50 % payable by the tenant.
The fees are calculated on the monthly rent excluding charges.
4. Property valuation
Fees for a property valuation carried out by TEAM Real Estate are set at €300 excluding VAT per valuation, plus VAT at the applicable rate (currently 17 %).
This service includes an analysis of the property's features, its location, its general condition and its position on the property market, in order to determine an estimated value.
These fees are not charged if a sale mandate is signed with TEAM Real Estate.
5. Letting of commercial premises
Agency fees for letting commercial premises amount to one month's rent excluding charges, plus 25 %, plus VAT at the applicable rate (currently 17 %).
These fees cover the marketing of the property, the organisation of viewings, the search for a tenant and the administrative and contractual services agreed under the mandate.
The fees are payable in full by the tenant (100 %), in accordance with the contractual terms agreed between the parties.
Additional information
Fees are stated in euros excluding VAT, unless otherwise indicated.
The standard VAT rate currently applicable in Luxembourg is 17 %.
Amounts including VAT are calculated by applying the VAT rate in force at the time of invoicing.
Specific conditions and payment terms are defined in the corresponding mandates or contracts, in accordance with the applicable regulations.