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In response to a question about writing a rental contract, the speaker explains that rental contracts vary by location, specifically referring to Ontario's standard lease that became effective in April 2018. This standard form simplifies the agreement process for both landlords and tenants, ensuring validity and reducing confusion. The standard lease outlines all necessary information to be included, making it straightforward for users to complete. While the process is generally simple, complications may arise in specific areas that may require additional attention.