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In response to a question about writing a rental contract, the speaker explains that rental contracts differ by location, specifically mentioning Ontario's standard lease, which became effective in April 2018. This standard form simplifies agreements between landlords and tenants, ensuring validity and clarity. It eliminates the previous practice where landlords could draft arbitrary contracts. The standard lease follows clear steps, guiding users on what information to include, making the process straightforward. However, complexities can arise in certain areas of the agreement that require attention.