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In response to a question about writing a rental contract, the speaker discusses the Ontario standard lease, which became effective in April 2018. This standard lease simplifies the rental agreement process for both landlords and tenants, ensuring that the contract is valid and meets legal requirements. The speaker emphasizes that landlords previously had more flexibility in writing agreements, but the standard form now provides clear guidelines on what to include. Completing the lease is straightforward, as it outlines the necessary information, although complexities can arise in certain areas of rental agreements.