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This video tutorial explains how to fill out a basic rental agreement, which is a document outlining the agreement between a lessor (owner) and a lessee (resident) for a property. By clicking on the "fill online" button on PDF Run's online editor, users can fill out the preamble with names, addresses, and terms. Both parties must review and agree to the terms and conditions to avoid issues during the rental period. The fillable items in the template include rental fee amount and payment day.