No, a PAN card is not mandatory for simply creating a rent agreement. However, your landlord's Permanent Account Number (PAN) is crucial for claiming the House Rent Allowance (HRA) exemption on your taxes.
- The landlord's PAN is mandatory if the annual rent paid exceeds ₹1,00,000.
- If the landlord does not have a PAN, a written declaration with their name and address must be submitted for the HRA claim.