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In response to a question about writing a rental contract, the speaker explains that rental contracts vary by region, specifically highlighting the Ontario Standard Lease that became effective in April 2018. This standard form simplifies the agreement process for landlords and tenants, ensuring validity and clarity. It provides a uniform structure for the contract, eliminating the risk of using invalid agreements. The process is straightforward, as the lease outlines the necessary information to be completed. However, complications may arise in certain areas of the agreement, suggesting that there are elements that may require more attention in the drafting process.
