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Lease agreements are crucial for landlords as they help protect against property damage and unpaid rent. Landlords need to understand the basics of a lease agreement to effectively manage their properties and tenants. A residential lease agreement is a legally binding contract that outlines the rights and obligations of both tenants and landlords. By including key terms such as the property details and contact information, landlords can avoid disputes and effectively address issues that may arise. It is essential for landlords to create a lease agreement to protect their properties and ensure a smooth rental experience.