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In this video tutorial, Matthew demonstrates how to create a short-term rental agreement using a legal template from legaltemplates.net. He navigates to the website, selects "real estate forms," and locates the short-term rental agreement. After choosing Texas as the applicable state, he specifies the roles of the owner and guests and mentions the need to include information about additional guests. Matthew emphasizes setting a maximum number of guests and visitors, providing an example of charging an extra fee per person exceeding the maximum occupancy. The video aims to guide viewers through the process of drafting a comprehensive rental agreement.