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To create a rental agreement, choose a rental agreement template provided in the video link. Start filling out the form with the effective date of the agreement. Enter tenant information, including names, address (e.g., John Doe, 123 Tenant Street, Miami, FL, 12345), and phone number (123-456-7890). Then, input the landlord's name (e.g., Metdaq), address (321 Landlord Street, Miami, FL, 12345), and contact information (phone and email). Next, specify the premises address for leasing (e.g., 111 Premises Street, Miami, FL, 1234). Finally, include the tenant's move-in date (e.g., January 1, 2021) and the duration (e.g., 14 days) for guest permits.