Commission agreements
About the various types of commission agreements
- Getting started with commission agreementsA commission agreement controls how an owner is charged for being able to rent out their object through your BEX administration. There are five possible types of commission agreements, each with a different approach to how commission is charged to the owner.
- Commission agreement for percentage over rentA type of commission agreement where owners receive a percentage of the rental income, minus a commission that is a percentage over the amount that the owners receive. This is most commonly used commission model.
- Settlement methodThe settlement method of a commission agreement determines the cutoff dates for reservations to be included in a rent settlement for the owners.
- Setting owner commission percentagesWhen creating commission agreements for owners, both 'Percentage over rent' and 'Pool system' need to include a percentage of commission that you charge over the amount to be paid out to the owner. Percentages can vary depending on reservation channel, and there are different ways to calculate VAT.
- Commission agreement for pool systemA commission agreement that is applied to a pool containing a set of objects, to divide the collective rental income according to the share of accumulated pool points. The owners receive their share, minus a commission that is a percentage over the amount that the owners receive.
- Creating a poolWhen creating the pool itself, there are limited settings available regarding the handling of owner reservations and cost items. Other pool system settings are determined in the pool commission agreement.
- Pool points budget for ownersIn a pool system, objects gather pool points for each rented day. Owners can be given a budget to spend on reservations for themselves.
- Fixed return on investmentA type of commission agreement where owners receive a fixed amount per invoice period as their payout, minus the commission which is also a fixed amount.
- Fixed commission amount per night of a reservationA type of commission agreement where owners receive a percentage of the rental income, minus a commission that is a fixed amount per rented night on the object.
- Fixed amount per night dependent on length of stayA type of commission agreement where owners receive a fixed amount per rented night as their payout. No commission is deducted, as the remaining amount is retained by the park.