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In this video tutorial, Matthew demonstrates how to create a short-term rental agreement using a legal template from legaltemplates.net. He navigates to the site, selects real estate forms, and locates the short-term rental agreement. After selecting Texas as the state, he highlights the importance of identifying the owner and the guest, including any additional guests and their information. Matthew emphasizes specifying the maximum number of guests and the charges for exceeding this limit, illustrating the agreement's key components for successful short-term rental management. The link to the legal templates is provided in the video's description.