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In response to a question about writing a rental contract, the speaker explains that rental contracts differ by location. In Ontario, the Ontario standard lease was introduced in April 2018 to standardize agreements between landlords and tenants, simplifying the process for both. This form ensures that tenants are protected under a valid agreement, as opposed to previous practices where landlords could create their own terms. The standard lease outlines specific information that must be included, making it straightforward to complete. However, complexities can arise in other areas of the rental process.
