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A lease agreement is a crucial document for landlords as it outlines the obligations and rights of both tenants and landlords, helping to avoid disputes and protect property. Without a lease agreement, landlords risk financial loss, property damage, and difficulty collecting rent. Creating a lease agreement is easy and essential for managing rental properties effectively. Key elements to include in a lease agreement are the property details, tenant and landlord information, and terms of the lease agreement. It is important to understand and follow the basics of creating a lease agreement to become a proficient landlord.
