> For the complete documentation index, see [llms.txt](https://bundus.gitbook.io/help/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bundus.gitbook.io/help/inventory/manage-rental-rates.md).

# Create and manage rental rate periods

Use rate periods to control an inventory item's rental price. A period can be open-ended or limited to specific dates.

### Open the item's rates

1. From the left menu, open **Inventory**, then select **Items**.
2. Find the item and select the three-dot menu at the end of its row.
3. Select **View rates**.

The page shows the item's active rate and every active, scheduled, inactive, or past rate period.

![The Item rates page showing the active rate and the item's rate-period history](https://1239150628-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0xEFjtRHcsV7HPwU6C74%2Fuploads%2Fgit-blob-d1dc6972dcc0964c0ee654954388a3af97841f92%2F02-rate-periods.jpg?alt=media)

### Add a rate period

1. Select **New Rate Period**.
2. Choose the **Rate type**:
   * **Daily** charges the unit rate for each rental day.
   * **Flat** uses one unit rate for the whole rental period.
3. Enter the **Unit rate**.
4. Choose the **Start date**.
5. Add an **End date** if this price should stop on a particular date. Leave it blank for an open-ended period.
6. Leave **Active** selected if the period should be available for pricing.
7. Select **Create Rate Period**.

![The Add Rate Period window showing rate type, unit rate, dates, and Active setting](https://1239150628-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0xEFjtRHcsV7HPwU6C74%2Fuploads%2Fgit-blob-b9edb675b79d4ad16c3a4ca8fc70cf7513861d6f%2F03-new-rate-period.jpg?alt=media)

### What happens next

The new period appears in the rate table. Its status depends on its dates and whether **Active** is selected.

> **Before saving:** check the existing periods in the table so that the new dates and price match the pricing change you intend to make.

### Related guides

* [Add an inventory item](/help/inventory/add-an-inventory-item.md)
* [Update an inventory item's quantity and cost](/help/inventory/update-inventory-details.md)


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