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In this video tutorial, Matthew explains how to create a lease extension agreement using legaltemplates.net. He directs viewers to click on the provided link to access the site, where they should navigate to the "real estate forms" section and select "lease extension agreement." Matthew suggests choosing Texas as the governing state and fills in the tenant's information, noting that it can be made up. He demonstrates inputting details for potentially multiple tenants and provides landlord information. Additionally, he mentions filling in the original agreement date. The tutorial serves as a step-by-step guide to drafting a lease extension agreement.