In this HowTo I will describe how to prepare a CentOS 5.2 server for OpenVZ. With OpenVZ you can create multiple Virtual Private Servers (VPS) on the same hardware, similar to Xen and the Linux Vserver project. OpenVZ is the open-source branch of Virtuozzo, a commercial virtualization solution used by many providers that offer virtual servers. The OpenVZ kernel patch is licensed under the GPL license, and the user-level tools are under the QPL license.
This howto is meant as a practical guide; it does not cover the theoretical backgrounds. They are treated in a lot of other documents in the web.
This document comes without warranty of any kind! I want to say that this is not the only way of setting up such a system. There are many ways of achieving this goal but this is the way I take. I do not issue any guarantee that this will work for you!