A registered rental agreement is one of the first essential parts of a landlord-tenant relationship. Not only does it foster the connection between the two parties, but it also protects their rights. Further, it informs others about the ownership of the property.
It's not important, but if you wat to do business then it's necessary.
- Gov,landlord, and tenant has proof
- get business licence
- Bank loan
@roxana linda,It is important because you should know the person who you will pay, is he really the owner of this land or not.
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