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In this tutorial, landlords learn about the importance of a lease agreement. Without one, landlords risk losing significant amounts of money, facing liability for property damage, and difficulty collecting unpaid rent. A residential lease agreement is a legally binding contract that outlines the rights and obligations of both tenants and landlords, helping to prevent disputes and address issues effectively. It serves as a first line of defense for landlords needing to protect their property. The tutorial also emphasizes the essentials that should be included in a lease agreement, such as details about the property, names, and contact information of the parties involved.
