Getting started with commission agreements
A 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.
Go to 'Commission agreements' to edit your existing commission agreements or create a new one. A commission agreement is usually applied to multiple owners.
Types of commission agreements
Fixed return on investment
Owners receive a fixed amount per invoice period as their payout, minus the commission which is also a fixed amount.
Main characteristics:
The actual income from reservations does not influence the rent settlement.
Each rent settlement will contain two line items, the fixed amount of payout and the fixed amount of commission.
It is not possible to vary the amounts according to season (date range).
How to set it up: Fixed return on investment
Fixed commission amount per night of a reservation
Owners receive a percentage of the rental income, minus a commission that is a fixed amount per rented night on the object.
Main characteristics:
The amount of commission depends on the number of rented nights, and will be deducted from the rental income that the owner receives.
It is possible to set a maximum amount of commission per reservation, to avoid charging a lot of commission on a lengthy reservation where the rental income is not proportional.
It is possible to vary the fixed commission amount according to season by setting a deviating amount for a certain date range.
How to set it up: Fixed commission amount per night of a reservation
Percentage over rent
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.
Main characteristics:
The commission percentage charged to owners can be differentiated according to the source of the reservation, i.e. the channel of the reservation.
VAT over the rental income and commission can be applied in a few different ways.
How to set it up: Commission agreement for percentage over rent
Pool system
Apply to a pool containing a set of objects that 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.
Main characteristics:
One pool per commission agreement.
Pool points are earned per object, for each rented night. The pool points value of a rented night may vary according to season.
A pool point budget may be given to owners to spend on nights they want to stay in their own object.
The commission percentage charged to owners can be differentiated according to the source of the reservation, i.e. the channel of the reservation.
How to set it up: Commission agreement for pool system
Fixed amount per night dependent on length of stay
Owners receive a fixed amount per rented night as their payout. No commission is deducted.
Main characteristics:
The actual income from reservations does not influence the rent settlement, but the presence and length of reservations does.
A default (minimum length of stay 1 night) must always be defined.
No commission is deducted, but the park retains the remaining rental income.
How to set it up: Fixed amount per night dependent on length of stay