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In this video tutorial, Matthew walks viewers through creating a short-term rental agreement using a legal template. He directs them to legaltemplates.net, demonstrating how to locate real estate forms and specifically the short-term rental agreement. Matthew selects Texas as the state for the agreement. He explains the necessary details, including identifying the owner and guests, gathering information on any additional guests and their relationships, and specifying the maximum number of guests allowed. He also mentions the charge per person exceeding the maximum occupancy, illustrating this with an example. The video emphasizes careful completion of these details to ensure clarity in the rental agreement.