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In this video, Matthew demonstrates how to create a short-term rental agreement using a legal template from legaltemplates.net. He navigates to the real estate forms section and selects the short-term rental agreement. After choosing Texas as the state, he explains how to fill out the agreement, including identifying the owner and guests, providing information for additional guests, and specifying maximum occupancy. He mentions the need to indicate charges for extra guests beyond the maximum limit, providing an example charge of five dollars per additional overnight guest. The video aims to guide viewers through the process of drafting a legally compliant rental agreement.