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In response to a question about writing a rental contract, the speaker highlights that contracts vary by jurisdiction, specifically mentioning Ontario’s standard lease that was implemented in April 2018. This standard lease simplifies the process for both landlords and tenants by providing a uniform agreement. It ensures that tenants engage in valid contracts and helps landlords avoid the pitfalls of creating arbitrary agreements. The standard form outlines the necessary information to include, making it straightforward to complete. However, complications can arise in specific areas, indicating that while the form is simple, some aspects may require more attention.