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Michelle Cecil demonstrates how to send a fillable application to potential tenants using Zip Forms. She logs into her account, navigates to the transactions tab, and selects "new lease." She inputs the address (123 Smith Street) and chooses a residential designation. Next, she selects a pre-created office template for the application, specifically the "SciFi Tenant Template," and clicks save. This leads her to the newly created transaction, where she proceeds to set up the parties involved, starting with tenant one.