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In this video tutorial, Ivan from SimpleSheets provides a step-by-step guide for using their lease tracker template, part of a collection of over 100 pre-built templates. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet of the template offers a brief overview, customization difficulty, and instructions for use. It also includes a guide for using the templates with compatible online services. The lease tracker template simplifies the process of tracking leased properties by allowing users to input essential details such as property address, building information, tenant details, monthly rent, and other notes directly into the list sheet.