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REAL ESTATE AGENCY FEES IN MAURITIUS
Sale
- Agency Commission : 2% of the sale price + applicable VAT ;
- Payment Conditions : The commission is due on the day of signing the authentic deed of sale at the notary’s office. This commission is generally the seller’s responsibility, unless otherwise specified in the contract.
Acquisition
- Agent’s Fee : 2% of the sale price + applicable VAT.
- Payment Conditions : The fee is payable on the day of signing the authentic deed of sale at the notary’s office. This amount is typically borne by the buyer, unless otherwise stated in the sale contract.
Long-Term Rentals
- Agent’s Fee : One month’s rent + VAT on the rent amount, payable by the landlord, and one month’s rent + VAT (15%) payable by the tenant.
- Payment Conditions : The fee is due on the day of signing the lease agreement. The agency fees are typically shared between the owner and the tenant based on the agreements reached during negotiations.
Short-Term Rentals
- Agent’s Fee: 15% of the total rental amount for leases of less than one year.
- Payment Conditions: The commission is payable in full at the time of signing the rental agreement.
Important Remarks
- All fees and commissions should be paid in the local currency (MUR) or according to the terms specified in the contract.
- VAT amounts are subject to change based on the current tax regulations in Mauritius.
- Clients are advised to review all sale or rental conditions with their real estate agent for complete transparency and to avoid any misunderstandings regarding due fees.
- Agency fees are distinct from notary fees and other acquisition costs related to the real estate transaction.
Home Owneship
- The Home Loan Payment Scheme will be extended up to 30 June 2025 and provides for a refund of the amount borrowed under a secured housing loan up to a maximum of Rs 500,000.
- Individuals who contracted a secured housing loan can benefit from a refund of 5% of the disbursed loan amount (capped at Rs 500,000) until 30 June 2025.
- Buyers of property acquired under vente en l’état futur d’achèvement (VEFA) will be eligible for the amount paid until 30 June 2025. A property under reservation will qualify for the scheme if the deed of transfer is registered not later than 30 June 2025.
- Property acquired under a vente à terme will qualify for the refund if the buyer pays the purchase price not later than 30 June 2025.
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