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This video tutorial is a step-by-step guide on using the Lease Tracker template offered by SimpleSheets. There are over 100 pre-built templates available, and viewers can try 5 free templates before purchasing. The introduction sheet gives an overview of the template, customization options, and instructions for use. The template helps track leased properties and includes fields for building address, tenant information, monthly rent, and more. It simplifies the tracking process without needing to create a template from scratch.