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The video discusses potentially illegal provisions in residential leases that could render the entire agreement void. It highlights the importance of carefully reviewing lease agreements as both a tenant and landlord to avoid entering into an unenforceable contract. The speaker mentions that every state has different laws regarding landlord-tenant relationships, but the seven contract terms discussed in the video are likely illegal in most states. It emphasizes the significance of using valid and effective lease agreements prepared by attorneys or containing state-approved enforceable terms.
