Hybrid perovskites are a promising class of materials for a range of optoelectronic applications. Many material properties are dictated by the details of the synthetic process, yet a mechanistic understanding is lacking for the majority of these materials. We have studied the formation of methylammonium lead iodide films derived from a lead chloride precursor to understand both the casting solution chemistry and its influence on the final, largely chlorine-free, film. Using solution-phase extended X-ray absorption spectroscopy, we observe a halide exchange with the primary solution plumbate species identified as PbI2.5Cl0.33. The mixed halide plumbate solution species leads to formation of the crystalline intermediate phase of (CH3NH3)2PbI3Cl. Using in situ synchrotron X-ray diffraction, we show that compositional control of the casting solution can control the annealing kinetics of film formation. Our study demonstrates the importance of solution-phase chemistry and its impact on lead halide perovskite synthesis.