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It is a legally binding document between the owner of the property i.e. landlord and the person who takes the property on rent i.e. tenant.
The rent agreement is a written document which consists of the duration of tenancy, commencement of tenancy, security amount, monthly rent and other terms of tenancy.
The rental agreement protects the interests of both the landlord and the tenant. It helps to bring a clarity into the relation of landlord and tenant. The registration of the rental agreement depends upon the tenure of the tenancy.
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