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The video tutorial provides guidance on filling out a basic rental agreement, which is a written document outlining the responsibilities of both the owner (referred to as lessor) and the resident (referred to as lessee) in managing and using a property. To fill out the document, users can click on the "fill online" button to access PDF Run's online editor. The document starts with the preamble, where the owner and resident's names and the property address are entered. This is followed by terms and conditions that both parties must carefully read. The fillable items include the rental fee amount and due date.