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In this video tutorial, Peter from Chemist Remark demonstrates the process of managing rental agreements at Contoso Life, a fictitious company, using a console type he created previously. He begins by showcasing a rental agreement list that includes various types of rental agreements related to different spaces. Peter then creates a new list specifically for warehouse agreements, emphasizing the need to manage them separately. He removes unnecessary items from the list and adds a link labeled "Agreements" to organize the content better. Lastly, he navigates to list settings to adjust versioning settings as part of the management process.