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Many new landlords in Maryland struggle with creating their first lease agreement. This tutorial by Andrew Chung from Door Loop aims to guide landlords and property managers in drafting effective rental agreements. A lease agreement is a legally binding contract detailing the terms and conditions of the rental property. Once signed by both landlord and tenant, it comes into effect, obligating both parties to comply with its terms. Typically, the tenant pays the first month's rent and a security deposit, gaining access to the property at the lease's commencement. The video discusses the common types of rental agreements available in Maryland.
