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The tutorial discusses the importance of a robust rental agreement, highlighting it as a comprehensive tool to prevent future issues between property managers, owners, and tenants. It emphasizes the necessity of clear and concise language to address all potential legal, social, and moral concerns. A strong rental agreement is essential for effective property management. The document identifies the landlord and tenants, stating that it is a residential lease agreement between the property manager and the owner, with a clear warning that each tenant is jointly and severally liable for rent and compliance with lease terms. Collectively, landlords and tenants are referred to throughout the agreement.