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Creating a lease agreement can be daunting for new landlords in Maryland. This video tutorial by Andrew Chung of Door Loop offers guidance on what to include in these legally binding contracts, which outline the terms and conditions of rental properties. Once signed by both the landlord and tenant, the agreement takes effect, obligating both parties to its terms. Typically, tenants will pay the first month's rent and a security deposit, if required, upon signing, which grants them access to the property. The video emphasizes the different types of rental agreements available in Maryland, aiming to equip landlords and property managers with the tools needed to draft effective leases.
