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A lease agreement is a crucial contract for landlords that outlines tenant and landlord rights and obligations. Without a lease agreement, landlords risk financial loss, property damage liability, rent collection issues, and more. Creating a lease agreement is simple, and understanding the basics makes you a landlord pro. The agreement helps prevent disputes, address issues, and protect your property. Key components include property details, tenant and landlord information, lease term, rent amount, and rules and regulations. Mastering these essentials will make you a successful landlord in no time.
