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If you're a new landlord in Maryland struggling to create your first lease agreement, you're not alone. 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 in effect, obligating both parties to its terms. Typically, tenants pay the first month's rent and any applicable security deposit before accessing the property. In Maryland, various types of rental agreements exist, with the most common ones being highlighted in this tutorial. With the right guidance, landlords can efficiently draft detailed rental agreements.
