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The video tutorial explains how to obtain a monthly rental payment receipt template by clicking a link on the webpage. A monthly rental payment receipt is issued by a landlord upon cash payment for rent, serving as proof of payment due to the lack of a paper trail with cash transactions. The template requires the landlord or tenant to fill in details such as the receipt number, date, received amount (cash, check, or money order), tenant name, address, and the name or signature of the person receiving the payment (landlord or manager). Once completed, the receipt can be printed on a single page.