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In this video, Matthew introduces the process of creating a short-term rental agreement using a legal template. He directs viewers to legaltemplates.net, where they can find various real estate forms. Matthew specifically navigates to the short-term rental agreement section, selecting Texas as the state for the template. He discusses filling out details about the owner and guests, including the number of additional guests and their relationships. He also mentions setting limits on maximum guests and the associated charges for any guests exceeding this limit, providing an example charge of five dollars per additional person.