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Tenancy agreements are a crucial part of the moving process, and it's essential for you and your flatmates to thoroughly read all terms and conditions before signing. In this video, Jess from Resooma discusses the stress associated with tenancy agreements and highlights their importance. She explains the two main types of tenancy agreements: individual and joint. An individual tenancy is between the landlord and each tenant separately, meaning if one tenant leaves, it affects only them. Jess emphasizes understanding the differences between these types and encourages viewers to refer to a short explainer video for further clarification.