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In response to Instagram questions about real estate, the speaker discusses how to write a rental contract. They note that rental contracts vary by state or province, highlighting Ontario's standard lease, which became effective in April 2018. This standard lease provides a straightforward agreement template for landlords and tenants, ensuring validity and compliance with local legislation. It simplifies the rental process by outlining required information, making it easier for both parties to understand their rights and responsibilities. While the completion of the lease is straightforward, complexities can arise in certain areas of the contract.