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In this tutorial, Andrew Chung from DoorLoop discusses the importance of lease agreements for landlords renting residential or commercial properties in California. He emphasizes that a lease agreement establishes the foundation of the landlord-tenant relationship, outlining essential terms and protecting the landlord's interests. Key elements to include in a lease are recurring fees, pet policies, and termination terms. The lease serves as a contract that details rules for inhabiting the rental unit, covering aspects such as monthly rent payments, security deposits, and other critical provisions. Understanding these components ensures a smooth rental process.