Khan Academy | Understanding lease agreements | Housing | Financial Literacy | Khan Academy @khanacademy | Uploaded August 2024 | Updated October 2024, 6 days ago.
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Lease agreements are contracts between landlords and tenants that outline the terms and conditions of renting property, such as the rent amount, lease duration, and tenant responsibilities. Understanding them is important because they legally bind both parties to the agreed terms, ensuring clear expectations and helping to prevent disputes.

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