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In this tutorial, landlords learn about lease agreements and their importance. Without a lease, landlords risk significant financial loss, as they may face liability for property damage and challenges with collecting unpaid rent. A residential lease agreement is a legally binding document that outlines the obligations and rights of both tenants and landlords, helping to prevent disputes and address issues effectively. The lease serves as the first line of defense for landlords to protect their property. The tutorial emphasizes that creating a lease agreement is straightforward and highlights essential components to include, such as property details and contact information.
