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This video tutorial explains the importance of a lease agreement for landlords. Without a lease, landlords risk losing money, facing property damage liability, and struggling to collect unpaid rent. A residential lease agreement is a legally binding contract that outlines the rights and responsibilities of both tenants and landlords, helping to prevent disputes. It serves as the first line of defense for property protection. Key components of a lease should include the property details, names of the parties involved, and their contact information. By understanding these basics, landlords can manage their properties more effectively.
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