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In this video tutorial, the host explains how to write a lease renewal letter, which is a document used by landlords to notify tenants about extending their lease. The tutorial provides a step-by-step guide, introducing a template for drafting the letter. Key components include writing your name and address, the date, the landlord's full name and address, and beginning the letter with a salutation (e.g., "Dear Mr. or Mrs. [Last Name]"). Viewers are encouraged to follow this structured format to effectively communicate their intentions regarding lease renewal.