1. The leasing relation between the lessor and lessee shall be regulated by a written lease to be signed by both. Said lease shall include a detailed description of the leased property, purpose of leasing thereof, name of owner, number and type of land, the area where it is located, lease period, and the value of rent and method of payment thereof.
2. All leases of property subject to the provisions of the present law and any amendments to such leases shall be registered at the Real Estate Regulatory Authority (RERA). All judicial bodies, departments, and government authorities and organizations shall not hear any action or claim or carry out any procedure grounded on a lease unless said lease was registered at the RERA according to the provisions and controls set forth for such purpose.