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The video explains key aspects of rental agreements in Colorado. A rental agreement, or lease, is a document outlining the rental arrangement between a tenant and a landlord (or lessor and lessee). Typically, these agreements last for 6 to 12 months, with rent paid weekly or monthly. There is a federal requirement known as the lead disclosure, mandating landlords to inform tenants about known lead paint hazards. Landlords must also provide the state-approved pamphlet "Protect Your Family from Lead in Your Home," although this requirement does not apply to all residential dwellings.