The Real Estate Regulatory Authority (RERA) is a regulatory body that was established in India to safeguard the interests of homebuyers and tenants. One of the key functions of RERA is to regulate the rental market, and it has introduced several measures to protect the rights of tenants.
One such measure is the requirement for a tenancy contract to be registered with RERA. This contract is essentially a legal agreement between the landlord and the tenant, outlining the terms and conditions of the tenancy. It is important for both parties to have a clear understanding of their rights and responsibilities, and the tenancy contract helps to ensure this.
The RERA tenancy contract is a PDF document that can be downloaded from the official RERA website. It contains all the necessary clauses and provisions that must be included in the tenancy agreement. Some of the key provisions that are included in the RERA tenancy contract are:
1. Duration of the tenancy: The contract specifies the start and end dates of the tenancy, and whether it is renewable or not.
2. Rent and security deposit: The contract specifies the amount of rent that must be paid, the frequency of payment, and the amount of security deposit that must be paid by the tenant.
3. Maintenance and repairs: The contract outlines who is responsible for maintenance and repairs, and whether the landlord or the tenant must bear the cost.
4. Termination of the tenancy: The contract specifies the circumstances under which the tenancy may be terminated, and the notice period required.
5. Other provisions: The contract may also include other provisions such as restrictions on subletting, use of the property, and penalties for default.
It is important for both the landlord and the tenant to carefully read and understand the provisions of the RERA tenancy contract before signing it. This will help to avoid disputes and ensure a smooth tenancy.
In conclusion, the RERA tenancy contract is a PDF document that outlines the terms and conditions of a rental agreement. It is a legally binding agreement that helps to protect the rights of both the landlord and the tenant. It is important for both parties to read and understand the contract before signing it.