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In this video tutorial, Rachel, the Vancouver digital editor for Next Home, discusses the decision tenants face when choosing between a one-year lease and a month-to-month rental agreement. She outlines the key features of rental agreements, which are written contracts between a property owner and tenant, detailing terms such as the parties involved, rental unit address, rent amount, and tenancy duration. The two main types of rental agreements are explained: month-to-month agreements, which have no fixed end date and automatically renew, and fixed-term leases. Rachel examines the pros and cons of each option to assist viewers in determining which rental agreement best suits their needs.