((better)) — Propnex Tenancy Agreement Template Exclusive

This piece is written to reflect market best practices in Singapore, balancing landlord and tenant interests while ensuring legal clarity.

Part 3: Vital Clauses Inside the PropNex Exclusive Template

If you are handed a PropNex Exclusive template to sign, you must scrutinize these specific sections. Whether you are a landlord or a tenant, ignorance of these clauses is expensive. propnex tenancy agreement template exclusive

What is an Exclusive Agency Agreement?

When a landlord signs an exclusive agency agreement with a PropNex agent, they agree that only that specific agent (and PropNex) has the right to find a tenant. The landlord cannot go to another agency (e.g., ERA or Huttons) or find a tenant themselves without paying a commission.

Part 7: Expert Tips – Negotiating the Exclusive Template

Part 8: Digital Signing and the Future of PropNex Templates

Since the COVID-19 pandemic, PropNex has moved toward digital execution of the exclusive tenancy agreement. The template is now compatible with digital signing platforms (e.g., DocuSign, SignTime). This piece is written to reflect market best

For a digital exclusive agreement to be valid:

• The email chain requesting signatures must be retained.
• The "wet ink" signature requirement is waived, but the Digital Signature Act applies.
• The stamp duty must still be paid via IRAS’s e-Stamping portal.

How This Reflects in the Tenancy Agreement Template:

The PropNex tenancy agreement template exclusive contains specific recitals and clauses that standard templates lack: Part 3: Vital Clauses Inside the PropNex Exclusive

1. Commission Clause (Landlord Side): It explicitly states that the landlord is liable for a commission (usually 1 year = 1 month rent) to PropNex, even if the tenant was introduced by the landlord’s cousin, because the period of exclusivity prohibits self-sourcing.
2. Sole Agency Declaration: A clause where the landlord attests that they have not appointed any other agent. If they lie, the tenant could be dragged into a dispute over who gets the commission.
3. Protected Period: The template usually includes a "carry-over clause" (e.g., 30 days after the exclusive period ends). If a tenant who viewed during the exclusive period signs later, the landlord still owes commission.

Part 6: Common Mistakes When Signing the Exclusive Template

Based on Small Claims Tribunal cases in Singapore, here are the top 3 errors made with the PropNex exclusive tenancy agreement:

Mistake 1: Verbal Agreements

An agent says, "Don’t worry, the landlord is fine with a small home bakery." If it’s not written into the exclusive use clause, it’s not allowed. Always get amendments in writing as an addendum.

Usage Notes for the Property Agent / Landlord:

• Insert appropriate percentages (e.g., renewal commission 0.5 month) based on current PropNex practice.
• Adjust commission protection period (commonly 3–6 months).
• This clause is most suitable for exclusive listings where PropNex has sole marketing rights.
• Legal review recommended – while robust, local court practices vary.

Would you like this adapted to a full PropNex template layout (including standard clauses like deposit, repairs, quiet enjoyment, diplomatic clause, etc.)?