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In this tutorial, landlords learn about the significance of a lease agreement. A lease agreement is a legally binding contract outlining the rights and obligations of both the tenant and landlord, helping to avoid disputes and manage issues effectively. Without a lease, landlords risk significant financial loss, potential liability for property damage, and challenges in collecting unpaid rent. The video emphasizes that creating a lease agreement is straightforward and essential for protecting one’s property. It highlights the importance of including key terms in the lease, such as property details, tenant names, and contact information, to ensure clarity and legality.
