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A lease agreement is a legally binding contract that outlines the obligations and rights of both tenants and landlords. Without a lease agreement, landlords risk losing money, being liable for property damage, and struggling to collect rent. Creating a lease agreement is easy and essential for avoiding disputes with tenants and resolving issues quickly. The agreement should include basic terms such as property details and contact information for both parties. A lease agreement serves as a landlord's first line of defense in protecting their property.
