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In this tutorial, Andrew Chung discusses the essentials of drafting a lease agreement for landlords and property managers in Maryland. He notes that many new landlords often find it challenging to create their first lease agreement but assures that with proper guidance and resources, this task can be accomplished effectively. Lease agreements are legally binding contracts that outline the terms and conditions for renting a property, binding both the landlord and tenant upon signing. The tenant typically pays the first month's rent and a security deposit, gaining access to the property at the start of the lease term. Chung also mentions various types of rental agreements available in Maryland.
