Rent Agreement in India A rental agreement is an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a said period of time. Also called a rent deed and lease deed, a rental agreement contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term. Why should you register a rent agreement? A registered rental agreement is one of the most important parts of a landlord-tenant relationship. Not only does it foster the relationship between the two parties but it also protects their rights. Further, it informs others about the ownership of the property. The landlord/tenant should never settle for an oral agreement since it is not bound by law and therefore, should always insist on executing a written agreement. Another key benefit of registering a rental agreement is that i