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In response to a question about writing a rental contract, the speaker explains that rental contracts differ by location. In Ontario, the Ontario standard lease was implemented in April 2018, establishing a uniform agreement for landlords and tenants. This standardization simplifies the rental process by ensuring both parties use a valid and consistent lease form. Landlords can no longer create arbitrary agreements, and tenants can trust the validity of their contracts. The speaker notes that completing the standard lease is straightforward, as it provides clear instructions on the necessary information to include. However, complexities may arise in certain areas.