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In this video, Andrew Chung from DoorLoop offers guidance for new landlords in Maryland struggling to create lease agreements. He explains that lease agreements are legally binding contracts outlining the terms and conditions of a rental property. Once signed by both the landlord and tenant, the agreement is effective, and both parties must follow its terms. Typically, the tenant pays the first month's rent and any security deposit before gaining property access at the lease's start. The video also mentions that there are various types of rental agreements in Maryland, focusing on helping landlords understand what to include in their contracts.
