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Tenancy
Most core objects within NetBox's data model support tenancy. This is the association of an object with a particular tenant to convey ownership or dependency. For example, an enterprise might represent its internal business units as tenants, whereas a managed services provider might create a tenant in NetBox to represent each of its customers.
Tenant Groups
Tenants can be grouped by any logic that your use case demands, and groups can nested recursively for maximum flexibility. For example, You might define a parent "Customers" group with child groups "Current" and "Past" within it. A tenant can be assigned to a group at any level within the hierarchy.
Tenants
Typically, the tenant model is used to represent a customer or internal organization, however it can be used for whatever purpose meets your needs.
Most core objects within NetBox can be assigned to particular tenant, so this model provides a very convenient way to correlate ownership across object types. For example, each of your customers might have its own racks, devices, IP addresses, circuits and so on: These can all be easily tracked via tenant assignment.