You can create a rental agreement using one of the following types:

Type	Description
Default	Used when no other rental agreement is applicable. Required to ensure pricing is populated and prevent pricing errors.
Prospect group	Defined for a customer group.
Prospect	Defined for a specific customer.
Work location group	Defined for a group of work locations with shared pricing.
Work location	Defined for a specific work location.
Project group	Defined for a project group to standardize pricing across related projects.
Project	Defined for a specific project. Allows project-specific pricing based on region, customer, timing, or relevance.
Rental order	Defined per rental order with pricing valid only for that order.
Rental order line	Defined per rental order line. Prices set on the line are applied to the rental agreement.
Warehouse group	Defined for a group of warehouses, allowing pricing differentiation across regions.
Warehouse	Defined for a specific warehouse. Pricing applies based on the warehouse used in the order.

The rental agreement hierarchy is configured in the rental parameters.

You can view the related rental agreement from the rental or sub rental order via the action pane.

Standard procedure

1.	Go to Rental order management > Rental agreements > All rental agreements.
2.	Click New.
3.	In the Description field, type a value.
4.	In the Rental agreement type field, select an option.
5.	In the Relation account field, enter or select a value.
6.	In the Currency field, enter or select a value.
7.	In the Rental/sub rental field, select an option.
8.	In the From date field, enter a date.
9.	In the To date field, enter a date.
10.	Click Save.