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In the video, the speaker discusses the essential elements of a notice to vacate for landlords. They emphasize that the notice must be an unequivocal demand for possession, clearly stating that the tenant is required to leave. The notice should not include conditional statements like "if you pay, you can stay." It is crucial that the notice is written, as many landlords make the mistake of sending it via email instead of on paper, which may not be a valid form. A proper notice to vacate is necessary to enforce the lease terms effectively, drawing a clear line for the tenant.