Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: Success Fee?

  1. #1
    TeznBex's Avatar
    TeznBex is offline Junior Member
    Join Date
    Jul 2008
    Location
    Oxfordshire, Uk
    Posts
    20
    Blog Entries
    4

    Question Success Fee?

    Hello,

    We are looking at homes in picton ready for our move ( rental) and some of the adverts say ''Success Fee Applies''...

    What is a success fee? and any idea how much it is likely to be?

    (The house is a 2 bed in Picton)

    Thanks,

    Bex

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Default

    I had a good hunt around the property agents' websites and through their glossaries of terms but couldn't find 'Success fee' mentioned anywhere other than in the ads for houses, which is strange. Let's hope someone else has come across this and knows what it is and how much it's likely to be.
    Mother Bear

    Try to bloom wherever you are planted.

  3. #3
    Cliff's Avatar
    Cliff is offline Oh Masterful One
    Join Date
    Apr 2008
    Location
    Nelson, NZ
    Posts
    358
    Blog Entries
    1

    Default

    I think a success fee is a commission from a broker or sales company for acquiring th renters.

    Cliff
    Cheers

    Cliff

    Nelson, New Zealand
    NZ Citizenship in 2000, been in NZ 15 years now
    Arrived NZ in 1997 from Las Vegas, Nevada, USA

    "New Zealand isn't just a physical place it is a state of mind."

  4. #4
    MotherBear's Avatar
    MotherBear is offline The missing link
    Join Date
    Jan 2005
    Location
    currently Ras al Khaimah, UAE, ex Wales, UK
    Posts
    11,180
    Blog Entries
    1

    Default

    I wonder who has to pay it though, what percentage it is or whether it's a fixed fee. It all seems very mysterious .
    Mother Bear

    Try to bloom wherever you are planted.

  5. #5
    Cliff's Avatar
    Cliff is offline Oh Masterful One
    Join Date
    Apr 2008
    Location
    Nelson, NZ
    Posts
    358
    Blog Entries
    1

    Default

    It would appear to be the renter or they would not mention it. But I don't know.

    Cheers

    Cliff
    Cheers

    Cliff

    Nelson, New Zealand
    NZ Citizenship in 2000, been in NZ 15 years now
    Arrived NZ in 1997 from Las Vegas, Nevada, USA

    "New Zealand isn't just a physical place it is a state of mind."

  6. #6
    ebianca's Avatar
    ebianca is offline Gingery, Peppery & Spicy
    Join Date
    Dec 2006
    Location
    WELLINGTON, New Zealand!!
    Posts
    1,019
    Blog Entries
    10

    Default

    When we were looking at rentals there were some that mentioned a fee.
    It seemed to be a weeks rent plus GST for most we saw.
    Flights booked for 24th March 2008!
    Landed in Wellington 26th March 2008!!

    Job Offer Received 9th July 2008!

    Temp Work Permit application submitted 11th July 2008!
    Temp Work Permit approved 4th August 2008!

    EOI Submitted 11th July 2008!
    EOI Selected 16th July 2008!
    EOI 'Successful' 1st August 2008!
    ITA Received 8th August 2008!
    ITA Aplication accepted 26th September!

    APROVED in Principle 10th June 2009!!!!
    Residency Visa issued 7th July 2009!!!!!

  7. #7
    kiaora!! is offline Senior Member
    Join Date
    Dec 2007
    Location
    Auckland
    Posts
    242

    Default

    i m not exactly sure either, but there is also a letting fee which is usually 1week rent plus GST that you have to pay.. it might be the same thing
    WHV submitted 20/11/07 approved 15/01/08
    arrived in Auckland 23/03/08
    Work permit under partnership submitted 21/05/08 APPROVED 29/05/08
    Work permit extension under partnership submitted 06/03/09 APPROVED 23/03/09 Expires 23/03/10
    Residence permit under partnership submitted 06/03/09
    Immigration Officer assigned 30/04/09
    Residence Permit APPROVED 29/06/09
    Our Baby Boy is due 01/04/10 "whoopwhoop"

  8. #8
    TeznBex's Avatar
    TeznBex is offline Junior Member
    Join Date
    Jul 2008
    Location
    Oxfordshire, Uk
    Posts
    20
    Blog Entries
    4

    Default

    Ah thanks very much guys, very hepful but what is GST?

    Sorry! And Thanks very much xxx

  9. #9
    jandk is offline Junior Member
    Join Date
    Jan 2008
    Location
    Tauranga formally Manchester
    Posts
    9

    Default ha ha the old gst

    gst is the equivelent of vat , it stands at 12 and a half % the success fee ithink is the equivelent of 1weeks rent you pay to the agent for the property.

  10. #10
    TeznBex's Avatar
    TeznBex is offline Junior Member
    Join Date
    Jul 2008
    Location
    Oxfordshire, Uk
    Posts
    20
    Blog Entries
    4

    Default

    Ah thanks very much!!

    One down, 800 million more questions to go!!!

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46