Select the vendor account for a subrental agreement. This vendor is linked to the relation account on the agreement header and determines which pricing details apply.

You can update the vendor account after confirmation if you have the required security rights.

To adjust prices quarterly, duplicate the existing agreement and update the pricing details for the new period.

Subrental agreements can have these statuses:

• Created – Initial status of the agreement.
• Sent – The agreement has been sent for review.
• Confirmed – The agreement is valid for use.
• Canceled – The agreement is invalid and ignored in daily processes.
• Closed – The agreement is archived and pricing is no longer used.

You can add a reason code or note when changing the status. This is optional.

Fill in the validity dates to apply pricing only within the specified period.

Use the Closed status to archive agreements and support business intelligence reporting. Reason codes are available for further analysis.

You can’t delete subrental agreements unless they have the Created status.

Find the related agreement on the General tab of the subrental order using the Related information section.

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/sub rental field, select an option.
	Note: Select sub rental
5.	In the Currency field, enter or select a value.
6.	In the From date field, enter a date.
7.	In the To date field, enter a date.
8.	In the Rental agreement type field, select an option.
	Note: Only rental order or rental order line can be selected if the rental agreement has to be associated with a vendor
9.	In the Module field, select an option.
	Note: Select the purchase module to associate it with a vendor account
10.	In the Relation account field, enter or select a value.
11.	Click Save.
12.	On the Action Pane, click Rental agreement.
13.	Click Change status to open the drop dialog.
14.	In the New status field, select an option.
15.	Click OK.
16.	Click the form caption.
17.	Close the page.