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In this video, Rachel, the Vancouver digital editor for Next Home, explores the question tenants often face: whether to sign a one-year lease or choose a month-to-month rental agreement. She discusses the pros and cons of both options to assist viewers in making an informed decision. Rachel provides an overview of rental agreements, which are contracts between property owners and tenants detailing terms like parties involved, rental unit address, rent amount, and tenancy duration. She explains that a month-to-month tenancy has no fixed end date and automatically renews until either party decides to terminate it.