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The video tutorial from PDF Run guides viewers on filling out a basic rental agreement, which is a document outlining the responsibilities of the owner and resident in a rental situation. To begin, users should click the "fill online" button to access PDF Run's online editor. The process starts with filling out the preamble by entering the names of the owner and resident, along with the property's address. After this, both parties need to carefully review the terms and conditions to avoid future issues. The fillable items in the template include entering the agreed rental fee and the start date for the rental period, among others.