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In this video, Matthew demonstrates how to create a short-term rental agreement using a legal template from legaltemplates.net. He navigates to the real estate forms section and selects the short-term rental agreement option. After choosing Texas as the relevant state, he explains the need to specify owners and guests, including additional guest information and their relationship. Matthew highlights the importance of defining maximum occupancy limits, specifying charges for any guests exceeding that limit, and providing an example of a fee structure. The video emphasizes clarity in all details to ensure a comprehensive rental agreement.