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In this video, Rachel, the Vancouver digital editor for Next Home, addresses a common question for tenants: whether to sign a one-year lease or a month-to-month agreement. She discusses both options, outlining their pros and cons to help viewers determine which rental agreement suits their needs best. Rachel begins by explaining that a rental agreement is a written contract between a property owner and a tenant, detailing terms such as parties' names, rental unit address, rent amount, and length of tenancy. She highlights the two types of rental agreements: month-to-month, which has no fixed end date and renews automatically, and fixed-term leases.