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A lease agreement is a crucial contract for landlords to protect their property and financial interests. Without it, landlords risk losing money, property damage liability, and rent collection issues. Creating a lease agreement is simple, and understanding its basics makes you a proficient landlord. This legally binding document outlines both tenant and landlord rights and responsibilities, preventing disputes and helping resolve issues when they arise. Key elements to include in a lease agreement are property details, tenant and landlord information, and terms of the agreement. A lease agreement is essential for landlord protection and smooth property management.
