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A lease agreement is a crucial contract for landlords to protect their property and finances. Without one, landlords risk losing money, property damage liability, and rent collection issues. Creating a lease agreement is easy and essential for avoiding disputes with tenants. The agreement outlines the rights and obligations of both parties, serving as a landlord's first line of defense in case of issues. Key elements of a lease agreement include property details, tenant and landlord information, and terms of the lease.
