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In this tutorial, landlords learn the importance of a lease agreement, which is a legally binding contract outlining the rights and obligations of both tenants and landlords. Without a lease, landlords risk significant financial losses, potential liability for property damage, and difficulties in collecting unpaid rent. The tutorial emphasizes that creating a lease is straightforward and equips landlords to handle disputes effectively. Key elements of a lease agreement include the rental property details, names and contact information of the parties involved, and other essential terms, serving as a primary defense for landlords when protecting their property.
