Understanding the Costs: Property Rental Breakdown

This detailed breakdown clarifies the financial commitments associated with renting this property. Please carefully review the following costs:

Annual Rent:

The annual rental fee for this property is 3.5 million (currency unspecified). This figure represents the total yearly cost of occupancy before considering additional fees.

Legal Fees:

A legal fee of 5% of the annual rent is payable. This fee covers the legal processes and documentation associated with the rental agreement. This equates to 175,000 (currency unspecified).

Agency Fees:

A 10% agency fee is applicable, calculated on the annual rental amount. This fee compensates the leasing agency for their services in facilitating the rental process. This amounts to 350,000 (currency unspecified).

Caution Fee (One-Time Payment):

A caution fee of 500,000 (currency unspecified) is required upfront. This fee is a security deposit and is typically refundable upon lease expiration, subject to the terms and conditions outlined in the rental agreement.

Total Initial Costs:

The total cost to secure the property initially includes the caution fee and should be factored into your budget. This amounts to 500,000 (currency unspecified).

Total Annual Costs:

Your total annual expenditure includes the rent, legal fees, and agency fees. This totals 4,025,000 (currency unspecified).

Disclaimer: These figures are estimates. It’s crucial to confirm these costs with the relevant parties before proceeding. Please seek professional financial advice if needed. The currency used in these calculations is not specified and should be clarified with the property manager or landlord.