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In this video, Andrew Chung from DoorLoop addresses new landlords in Maryland who struggle to draft their first lease agreement. He emphasizes that lease agreements are legally binding contracts detailing the terms and conditions of renting a property. Once signed by both the landlord and tenant, the agreement takes effect, requiring adherence to its terms. Typically, the tenant pays the first month's rent and a security deposit (if applicable) to gain access to the property at the start of the lease term. The video promises guidance and tools to help landlords create detailed rental agreements effectively.
