Set the rental agreement status to determine if it is active for use in operational and financial processes. The agreement becomes active when its status is set to "Confirmed".

You can link each status to a reason code. Reason codes cannot be assigned to the initial Created status.

Five standard statuses are available:

• Created
• Sent
• Confirmed
• Canceled
• Closed

To define or update reason codes, go to the Reasons page under the Setup tab in the Rental order management module.

Standard procedure

1.	Go to Rental order management > Rental agreements > All rental agreements.
2.	In the list, find and select the desired record.
3.	Click Change status to open the drop dialog.
4.	In the New status field, select an option.
5.	Click OK.