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A lease agreement is a crucial document for landlords to protect themselves from financial risks and property damage. It is a legally binding contract that outlines the obligations and rights of both tenants and landlords. Without a lease agreement, landlords may face difficulties in collecting rent and resolving disputes. Key components of a lease agreement include property details, tenant and landlord information, and terms and conditions of the rental agreement. By understanding the basics of lease agreements, landlords can effectively manage their properties and tenants.
