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To create a rental agreement, choose a rental agreement template provided in the video's description. Start filling out the form with the effective date of the agreement. Input the tenant's name (e.g., John Doe), address (123 Tenant Street, Miami, FL 12345), and phone number. Next, enter the landlord's name (e.g., Metdaq), address (321 Landlord Example Street, Miami, FL 12345), and phone number. Then, fill in the premises address (111 Premises Example Street, Miami, FL 12345). Specify the date the tenant may begin occupancy (e.g., January 1, 2021) and the permitted duration of guest stays (e.g., 14 days). Complete the form and send it to the recipient.