Common use of Agent's Fee / Commission & VAT Clause in Contracts

Agent's Fee / Commission & VAT. The Agent’s fee shall be <FEE STRUCTURE> OR Where the fee structure is a percentage of the advised letting value then the Agent’s fee shall be €<CALCULATED FEE> OR between €<CALCULATED LOW FEE> and €<CALCULATED HIGH FEE> (where the advised letting value is given as a range). The fee shall be subject to VAT at prevailing rate at the time (currently <VAT RATE>%). The fee shall become payable to the Agent on <SPECIFY CONDITION(S)>.

Agent's Fee / Commission & VAT. The Agent’s fee shall be <FEE STRUCTURE> >. OR Where the fee structure is a percentage of the advised letting market value then the Agent’s fee shall be €<CALCULATED FEE> OR between €<CALCULATED LOW FEE> and €<CALCULATED HIGH FEE> (where the advised letting market value is given as a range). The fee shall be subject to VAT at prevailing rate at the time (currently <VAT RATE>%). The fee shall become payable to the Agent on <SPECIFY CONDITION(S)>the date the contract for the sale of the property is concluded.