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In this video, the importance of getting rent-to-rent contracts right is emphasized, as they are binding for the agreed term. Many people, including trainers, may provide incorrect guidance on contracts. The primary function of a contract is to provide clarity and protection in case something goes wrong, not as a focal point of the agreement. Good communication with the landlord is essential, but a solid contract serves as a reference for agreed terms during disputes. It should be comprehensive, covering all necessary aspects to protect both parties involved. Ensuring correctness in the contract is crucial for the safety of both the landlord and the individual renting.