A small commission for our service is deducted from rental payments. Below, you can learn what services and securities you receive in exchange.
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A small commission for our service is deducted from rental payments. Below, you can learn what services and securities you receive in exchange.
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The commission fee is paid for the services Flatio provides to make the rental process as smooth and efficient as possible.
The commission amount is calculated based on the type of listings. Flatio charges 7.5% + VAT of the rent for whole properties and 5% + VAT of the rent for private rooms.
The commission is calculated and automatically deducted from each rental payment received by the landlord.
So, for example, if you have a booking for a whole property that you have listed on Flatio, a fee of 7.5% + VAT will be charged, and if you have a booking for a private room, a fee of 5% + VAT will be charged on that rental.
Note: If the lease agreement is terminated earlier for various reasons, the commission fee won't be returned to the landlord. However, Flatio will no longer charge a commission fee as of the date on which the termination of the lease becomes effective.
The fee is automatically deducted from each rental payment received by all landlords, regardless of what type of accommodation(s) they rent through Flatio and whether or not they require a deposit.
When the tenant pays the rent, the rent is deposited into Flatio’s bank account. The commission fee is deducted from the rent, and the rent is held in Flatio’s bank account until the tenant moves in. After the tenant moves in, the rent – minus the commission – is transferred to the landlord's account.
The invoice is issued automatically on the 1st day of each month for the previous month. It's displayed in the "Billing statements" section in the My Rentals app.
The commission fee is used to provide a wide range of features and services to landlords, such as:
We assure you that the commission fee is more than worth the money as it adds great value to landlords.