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In this video tutorial, the key points discussed include the disadvantages of allowing a tenant to go on a month-to-month lease instead of signing another year-long lease term, as well as ways to protect yourself as a landlord if you do agree to a month-to-month arrangement. It is important to consider the potential financial costs of allowing tenants to go month-to-month, even if they have been good tenants in the past. Thinking carefully about the implications and taking steps to protect yourself as a landlord are essential in such situations.