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In this video tutorial by Ivan from Simplesheets, viewers are guided through the features and usage of the lease tracker template, part of over 100 available pre-built templates. The introduction sheet outlines the template's customization difficulty, instructions for use, and compatibility with online services. It serves as a tool for efficiently tracking leased properties without the need to create a custom template. Users begin by inputting details such as the building's address, date built, unit information, tenant details, monthly rent, family size, start date, and photo link in the list sheet. Additionally, viewers are encouraged to support the channel by liking and subscribing.