Maryland Rental Agreement Templates
The Maryland rental agreements are contracts that establish a relationship between a landlord and a tenant who wishes to use a real property. These documents determine the terms for use of the property, including the amount of the rent and the duration of the tenancy.
Maryland Residential Lease Agreement
A Maryland residential lease agreement lets a landlord and tenant enter into a binding rental arrangement for the use of a livable property. The tenant is recommended to be screened by the landlord by completing the rental application and after a careful analysis will the negotiations for the lease begin.
Depending on the tenant’s credit, he or she will have to put up a Security Deposit that is most commonly one (1) month’s rent (maximum in the State is two (2) months’ for a landlord to request) and the first (1st) month of rent. The Security Deposit will be given back at the end of the contract (must be within forty-five (45) days) as long as there is no damage left by the tenant on the property.
Maryland Month-to-Month Rental Agreement
A Maryland month-to-month lease agreement allows a tenant to rent on a monthly basis and renews every thirty (30) days by payment by the lessee on the due date. Landlord or tenant may choose to modify or void the agreement altogether by giving the other notice of at least one (1) month.
Maryland Rental Application Form
The Maryland rental application form allows landlords to access prospective tenants’ credit information, criminal history, and more. This helps them choose a viable tenant to rent or lease a property. Each occupant over 18 must submit an application and pay the application fee.
Maryland Roommate Agreement
A Maryland roommate agreement is amongst the individuals living on the premises outlining the rent, chores, and other rules of the property. It is best to know all the roommates and to know their financial background through a rental application if they are not on the lease agreement with the landlord. Each roommate is typically given a private or shared bedroom with common areas such as the kitchen, bathrooms, balconies, and entryways.
Maryland Commercial Lease Agreement
The Maryland commercial lease agreement is a contract that lays out the terms and conditions associated with renting a commercial space. This document establishes a relationship between the landlord and the tenant (business). Due to the significant expense of a commercial property, these leases are usually longer than residential leases.
Maryland Security Deposit Laws
Maximum Amount ($) – A security deposit cannot exceed an amount equal to two (2) months’ rent (§ 8–203(b)(1)).
Returning – The landlord has forty-five (45) days from the rental agreement’s termination date to return the security deposit plus at least 1.5% interest per year (§ 8–203(e)(1)).
Agent/Landlord Identification – In the lease or on the property, the landlord must identify themselves and anyone who is authorized to act on their behalf (§ 8-210(a)(1)).
Move-in/Move-out Checklist – The security deposit receipt must inform the tenant that the landlord has the right to have the property inspected for damages fifteen (15) days after the occupancy date (§ 8-203.1(a)(1)).
Habitation – The rental agreement must include a statement declaring that the property is in a condition that permits habitation and reasonable safety, as well as listing the tenant’s responsibilities regarding heat, electricity, gas, water, and repairs (§ 8–208(c)).
Lead-Based Paint Disclosure – If the rental property was built before 1978, federal law requires that the tenant signs a notice acknowledging the known or possible presence of lead-based paint on the property.
Security Deposit Receipt – The tenant must be given a security deposit receipt that informs the tenant of their rights regarding inspections and the security deposit’s return (§ 8–203(c) and § 8–203.1).
There is no grace period for tenants to pay rent. If rent is late, the landlord may charge interest in an amount of up to 5% of rent due (§ 8-208(d)(3)).