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A lease agreement is a crucial document for landlords to protect their property and finances. Without one, landlords risk losing money and facing difficulties with tenants. Creating a lease agreement is easy and essential for avoiding disputes and resolving issues. It outlines the obligations and rights of both parties, serving as a landlord's first line of defense. Key elements of a lease agreement include property details and contact information. Understanding and implementing a lease agreement will make you a proficient landlord in no time.