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In this video, Matthew demonstrates how to create a lease extension agreement using a specific online resource. He guides viewers to click a provided link to access legaltemplates.net, navigate to the real estate forms section, and select the lease extension agreement. Matthew chooses Texas as the governing state and explains that users can create the document with fictional information. He outlines the process of entering tenant information, such as name, address, and city. Additionally, he notes the option to add more tenants and provides instructions for entering landlord details, including address and the date of the original agreement.