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In this video tutorial, Andrew Chung from Door Loop addresses common challenges faced by new landlords in Maryland when creating their first lease agreements. He emphasizes that lease agreements are legally binding contracts detailing the terms and conditions of rental properties. Once signed by both the landlord and tenant, the agreement becomes effective, and both parties must comply with its stipulations. Typically, upon signing, the tenant pays the first month’s rent and any applicable security deposit, gaining access to the property at the start of the lease term. The video aims to provide guidance and resources to help landlords draft comprehensive rental agreements.
