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In this tutorial, Andrew Chung discusses how to create a lease agreement for landlords and property managers in Maryland. He notes that many new landlords struggle with drafting their first lease but assures that with guidance and the right tools, they can create detailed agreements efficiently. Lease agreements are legally binding documents that outline the terms and conditions of a rental property. Once signed by both the landlord and tenant, the agreement becomes effective, requiring adherence to its terms. Tenants typically pay the first month's rent and a security deposit upon signing, then gain access to the property at the start of the lease term. The video further mentions various types of rental agreements commonly used in Maryland.
