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Yes, the rental agreement is mandatory for claiming HRA. However, few employers allow HRA claims without rental agreements.
Below is the step by step procedure to execute a rental agreement in Karnataka, Step 1: Prepare a draft agreement in word format. Step 2: Buy Rs.100 Non-Judicial E-stamp paper from a co-operative bank, Sub-registrar office, or court near you. Step 3: Print the draft agreement on E-stamp paper.
To be on safer side, have an agreement of Stamp Paper, pay the rent by cheque or better still NEFT AND file income tax return of your parent. Remember, landlord can claim 30% deduction from rent received as expenses for maintenance and also property tax paid is deduction.
Below is the step by step procedure to execute a rental agreement in Karnataka, Step 1: Prepare a draft agreement in word format. Step 2: Buy Rs.100 Non-Judicial E-stamp paper from a co-operative bank, Sub-registrar office, or court near you. Step 3: Print the draft agreement on E-stamp paper.
I am writing to express my interest in your property at [Address]. After viewing the listing, I am confident that it would be the perfect fit for me. I am a responsible and reliable individual, currently working as a [Your Job] at [Your Company] with a steady income to support the monthly rent payments.
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People also ask

What Is A Rent-free Letter? A rent-free declaration is simply a letter stating that you live rent-free with your parents. The letter is fairly basic but as a minimum it should include: Your full name and that of your partner if youre married or in a de facto relationship.
Im writing to acknowledge and confirm that [he/she] resides at [Street address, City, State] and has done so since [Day/Month/Year] as my tenant. [Tenants name] lives in the home with [Names of other residents who live with the tenant]. [Tenants name] pays me [Rent amount] each month on [Date].
Documents required to claim the HRA while staying with parents. Rent agreement and rent receipts Usually employers ask for a copy of the rental agreement for their records. They can also request the submission of rent receipts to allow you HRA exemption. You can enter into a simple rent agreement with your parents.

sample letter of living with parents rent free