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In this video tutorial by Andrew Chung from DoorLoop, new landlords in Maryland are guided on how to create a comprehensive lease agreement. It emphasizes that 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. Tenants typically pay the first month's rent and security deposit at the start of the lease term to gain access to the property. The video also highlights various types of rental agreements common in Maryland, supporting landlords in drafting effective leases.
