The following information, called the ‘Minimum Scale of Fees’ has been set by the Estate Agents Council of Zimbabwe.

It covers Estate Agents fees only, and not third parties (e.g. Conveyancer’s fees in the case of selling).

 

SELLING:

5%, plus 15% VAT (5.75%) of the gross selling price.

If you sell in excess of US$10 million, a fee of 3%, plus 15% VAT (3.45%) will apply to the balance over and above the US$10 million (the residue).

 

RENTAL MANAGEMENT:

Residential                                          15%, plus 15% VAT (17.25%)

Commercial & Industrial                     10%, plus 15% VAT (11.50%)

If your property’s lettable area is in excess of 6 000m2, then there is quantum reduction of the minimum scale of fees to 7.5%, plus 15% VAT (8.625%).

 

RENTAL INTRODUCTION:

Residential & Commercial                   One month’s rent, inclusive of 15% VAT

N.B. This is not what is outlined in the Minimum Scale of Fees. In that document the figures are worked out on percentages and it is rather complicated. We believe one month’s rent is a fair amount and it is easy to understand for our potential clients. In charging one month's rent for Rental Introductions, we are adhering to the Minimum Scale of Fees. 

 

HOMEOWNERS’ ASSOCIATIONS:

Residential & Commercial                    15%, plus 15% VAT (17.25%)