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In this video, Matthieu guides viewers on creating a land lease agreement template using legaltemplates.net. He starts by directing viewers to the website and navigating to the real estate forms section. Matthieu selects the land lease agreement template, choosing Texas as the state. He explains the necessary fields to fill out, including the landowner, lessee, and details about additional tenants. Key elements to include are the legal description of the land, permitted use, lease terms, payment details, security deposits, insurance, taxes, utilities, and additional provisions. He emphasizes the importance of clearly outlining defaults and termination conditions for both parties.