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In this video tutorial, you will learn how to fill out a basic rental agreement which outlines the responsibilities of both the owner (lessor) and the resident (lessee). To start, click on the fill online button to access the online editor. Fill out the preamble with the owner and resident's names, property address, and review the terms and conditions carefully. Enter the rental fee amount and payment day in the fillable items provided. This agreement is important for clarifying obligations and preventing issues during the renting period.