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In this tutorial, Matthew explains how to create a lease extension agreement using the legaltemplates.net website. He guides viewers on selecting the real estate forms section, choosing the lease extension agreement, and filling in the tenant and landlord information. He suggests choosing a state to govern the agreement, with Texas being his preference. The tutorial covers filling in the details of the original agreement and creating the document. It is a step-by-step guide to creating a legally binding lease extension agreement.