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To create a rental agreement, start by using a rental agreement template linked in the video description. Fill out the form beginning with the effective date of the agreement. Add the names of all tenants; for example, the tenant could be "John Doe." Enter the tenant's address, phone number, and email. Next, input the landlord's details: name, address, phone number, and email. Then, provide the premises address intended for lease. Specify the date the tenant can start occupying the premises (e.g., January 1, 2021), and indicate the duration guests can stay at the premises (e.g., 14 days). Once completed, send the document to the recipient.