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In this video, Rachel, the Vancouver digital editor for Next Home, discusses the key considerations tenants face when choosing between a one-year lease and a month-to-month agreement. She outlines the differences between these rental agreements, explaining that a rental agreement is a contract between the property owner and tenant that specifies terms such as parties involved, rental unit address, rent amount, and tenancy duration. A month-to-month tenancy has no fixed end date, automatically renewing until either party decides to terminate. The video aims to help viewers weigh the pros and cons of each agreement to determine which option best suits their needs.