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This video tutorial is a guide on how to fill out a basic rental agreement, a written document between a lessor (owner) and lessee (resident) detailing their responsibilities in managing a property. To begin, click on the "fill online" button on PDF Run's online editor. Enter the owner and resident names, property address, and review the terms and conditions. Fill out the agreed rental fee amount and payment day. The video emphasizes the importance of both parties understanding and agreeing to the terms to avoid any issues during the renting period.