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In this video tutorial from PDF Run, viewers learn how to fill out a basic rental agreement, which is a formal document outlining the terms between a lessor (owner) and lessee (resident). The video emphasizes the importance of accurately detailing the responsibilities of both parties in managing the rental property. To start, users should click the "fill online" button to access PDF Run's editor. The initial step involves filling out the preamble, including the names of the owner and resident, along with the rental property's address. Following the preamble, the video advises reviewing the terms and conditions carefully to avoid future issues, starting with filling in the rental fee and payment date.