Lower gastrointestinal bleeding occurs from any site distal to the ligament of Treitz and proximal to the anus, affecting areas such as the jejunum, ileum, colon, and rectum. Common causes include anal and rectal lesions, colonic lesions such as carcinoma or polyps, and small bowel issues like Meckel's diverticulum. Hematochezia, characterized by bright red blood per rectum, can indicate bleeding from the lower GI tract or rapid hemorrhage from the upper GI tract.