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In this video tutorial, Chris explains how to edit and customize your rental application on Tenant Cloud. Start by clicking the gear icon in the upper right corner and navigate to rental application settings. Enable the toggle for receiving applications online and, if desired, for receiving application fees online, ensuring a payment processor is set up. Chris introduces the terms of agreement section, where you can input your custom terms. Next, he mentions the template field configurator, followed by the option to add screening questions, allowing up to 40 questions to be included.