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If you're a landlord renting residential or commercial property in California, a lease agreement is vital. In this tutorial, Andrew Chung from DoorLoop emphasizes that the lease establishes the foundation of your relationship with tenants. It should clearly outline terms, protect your interests, and provide essential information for prospective tenants, such as recurring fees, pet policies, and termination terms. The lease, a contract between you and tenants, includes rules for inhabiting the rental unit, including monthly rent, the security deposit, and other important details. Understanding the key components of a lease agreement is crucial for a smooth rental process.