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The rental agreement is governed by the Rental of Residential Property Act, ensuring legal compliance for both lessor and lessee.
The agreement clearly identifies the lessor and lessee, including their names and contact information, establishing accountability.
The form allows specification of the type of residential premises being rented, such as an apartment or single-family home.
It outlines the rent amount, payment frequency (weekly/monthly), and due dates to ensure clarity on financial obligations.
The form includes provisions regarding security deposits, specifying whether one is required and its maximum allowable amount.
Both parties have defined rights to terminate the agreement under specific conditions as outlined in statutory sections.
The lessor must provide a copy of the signed agreement to the lessee within a specified timeframe to ensure transparency.
