What is the significance of KYC in rented accommodation? Should these be registered? What type of agreements do you need in Bengaluru and Pune?

 KYC (Know Your Customer) is an essential aspect of rented accommodation as it helps verify the tenant's identity and ensures that they have a legitimate source of income.

In Bengaluru and Pune, it is necessary to register rental agreements as per the Rent Control Act of the respective state, for the safety and protection of both the landlord and tenant.

For rented accommodation in Bengaluru, it is advisable to have a rent agreement in writing that includes details such as the duration of the lease, rent amount, security deposit, and terms of termination. In Pune, the Maharashtra Rent Control Act requires a written rental agreement for a tenancy period exceeding 11 months.

It is advisable to consult a lawyer to draft a comprehensive rental agreement that includes all necessary provisions and complies with the applicable laws.