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In this tutorial, landlords learn about the importance of a lease agreement and its role in protecting their interests. Without a lease, landlords risk losing money, facing property damage liabilities, and struggling to collect unpaid rent. A residential lease agreement is a legally binding contract that outlines the rights and obligations of both landlords and tenants, helping to prevent disputes. It serves as the first line of defense if issues arise. The tutorial emphasizes that creating a lease agreement is straightforward and highlights essential components that should be included, such as the property details, names, and contact information of the parties involved.