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In this tutorial by Andrew Chung, viewers are guided on how to create a Maryland lease agreement. The video addresses the challenges many new landlords face when drafting their first lease. It emphasizes that lease agreements are legally binding contracts outlining the terms and conditions of a rental property. Once signed by both landlord and tenant, the agreement takes effect, requiring both parties to comply with its stipulations. Typically, tenants must pay the first month's rent and a security deposit before gaining access to the property. The video also introduces various types of rental agreements commonly used in Maryland.
