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In today's video, Rachel, a digital editor from Vancouver, discusses the question of whether to sign a one-year lease or a month-to-month rental agreement. She outlines the pros and cons of each option to help viewers decide which suits them best. Rachel explains that a rental agreement is a written contract between the property owner and tenant, detailing rental terms such as names, rental unit address, rent amount, and tenancy length. She distinguishes between two types of agreements: month-to-month, which has no fixed end date and automatically renews, and fixed-term leases. The video aims to provide clarity on these rental options for potential tenants.