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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 rental agreement. She will discuss the pros and cons of each option to help viewers determine which rental agreement suits them best. Rachel provides a brief overview of rental agreements, which are written contracts between property owners and tenants outlining key details such as the parties involved, rental address, rent amount, and length of tenancy. She emphasizes that month-to-month tenancies have no fixed end date and automatically renew until canceled.