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The video discusses how to write a rental contract, specifically focusing on Ontario's standard lease that became effective in April 2018. This standard form simplifies the rental process for both landlords and tenants, ensuring that the agreement is valid and consistent. Landlords no longer create customized leases, which can lead to confusion, while tenants are protected from potentially invalid agreements. The standard lease includes clear instructions on what information to complete, making it straightforward to use. However, complexities may arise in certain areas that require further attention and understanding.