Select the customer account on the rental agreement. The pricing details in the agreement apply only to this account.

You can change the customer account after confirmation if you have the necessary security privileges.

You can define rental pricing for different time periods, such as by quarter. To update pricing, duplicate the previous agreement and edit the pricing details.

A rental agreement can have these statuses:

1. Created: Initial status when the agreement is created.
2. Sent: Sent for review to the customer and rental manager.
3. Confirmed: Ready for use in daily processes.
4. Canceled: Invalid agreement, excluded from daily processes.
5. Closed: Outdated pricing, not used in daily processes.

You can optionally add a reason code and note when changing the status.

Use the Canceled status to mark agreements with invalid information. Use the Closed status when pricing is outdated but information is still valid.

Set validity dates to exclude agreements from rental orders outside the defined period.

Use closed agreements for reporting and business intelligence. You cannot delete agreements unless they are in Created status.

To find the related agreement, go to the General tab of the rental order and open 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 Rental if you want to associate it with a customer account
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.
9.	In the Relation account field, enter or select a value.
10.	Click Save.
11.	Click Change status to open the drop dialog.
12.	In the New status field, select an option.
13.	Click OK.
14.	Click the form caption.