What must be included in a rental lease agreement according to RERA?

A rental lease agreement must contain clearly defined terms related to rent payment as mandated by RERA. This ensures that both the landlord and tenant are aware of the specific rental payment amount, the due dates, acceptable payment methods, and consequences of late payments. Clear rent payment terms are crucial for preventing disputes and misunderstandings between the landlord and tenant throughout the duration of the lease.

Including this information in the lease supports transparency and accountability, which are essential in rental agreements. This way, both parties understand their obligations and can refer back to these terms if any issues arise related to the rental payments.

While a security deposit amount is important in rental agreements and typically included, the specific terms around rent payment hold higher significance according to RERA regulations as they directly govern the financial aspect of the tenancy. Similarly, personal details of the landlord or insurance policy details, while they may also be relevant for certain agreements, do not have the same priority as the terms of rent payment in RERA guidelines.