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In this video tutorial, Jacquie Hardison, a residential mortgage lender, and Shannan Cargo-Boat, a real estate agent and investor, discuss the important aspects of writing a lease. They emphasize starting with a clear understanding of key terms, noting that while some legal terminology may be included, focus should be on essential elements. They recommend using online templates for leases, but caution viewers to ensure these templates comply with their specific state laws. A critical component to include is the lease term, which can range from six months to multiple years, depending on the agreement. The discussion aims to guide viewers in creating effective and compliant lease agreements.