Propnex Tenancy Agreement Template Exclusive
The Ultimate Guide to the PropNex Tenancy Agreement Template (Exclusive)
Security Deposit
: Specific conditions for the deposit, including the amount (often one month's rent per year of lease) and the return process.
- Use of Property: The Tenant shall use the Property only for residential purposes and shall comply with all applicable laws and regulations.
- Maintenance: The Tenant shall maintain the Property in a clean and tidy condition and shall be responsible for any damage caused by their negligence or misuse.
- Utilities: The Tenant shall be responsible for the payment of all utilities, including but not limited to, electricity, water, and gas.
- The PropNex Exclusive: Includes forward-looking clauses regarding GST increments and tax reimbursements, ensuring that if tax laws shift during the tenancy, the landlord isn't left footing the bill.
Because this is an exclusive agreement, you cannot sublet a room to a friend if you lose your job. The template offers zero flexibility on co-living arrangements. If you need flexibility, ask for a "permitted occupant" clause naming two specific people who may live with you. propnex tenancy agreement template exclusive
- Tenant pays: [electricity, water, gas, internet, subscription services]
- Landlord pays: [property tax, mortgage, conservancy charges—specify]
- Example: Tenant sublets the room on Airbnb.
- Penalty: Immediate termination + forfeiture of full deposit + landlord can claim the remaining value of the exclusive commission from the tenant (usually $2,000-$5,000).
Defect-Free Period:
A standard clause (often 30 days) during which the landlord bears all repair costs for surfacing defects. The Ultimate Guide to the PropNex Tenancy Agreement
