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A lease agreement is a crucial document for landlords to protect their properties and avoid financial risks. It is a legally binding contract that outlines the rights and obligations of both the landlord and tenant. Without it, landlords may face property damage, difficulty collecting rent, and other issues. Creating a lease agreement is easy, and understanding its basics can make you a landlord pro. Key elements to include are the property details, tenant and landlord information, and terms of the agreement to prevent disputes and address issues promptly.
