The Maryland Standard Lease Agreement appoints a designated form to track the various elements involved in a leasing transaction. The filing allows the participants of the transaction to outline the terms and commitments entailed in the agreement to assign responsibilities and establish procedures for the lease term. Contained in the language is the identification of the lessee, lessor, and subject property. The document further defines the landlord-tenant relationship, payment amounts, remittance protocols, and lease expiration. The terms of the arrangement can be discussed before being drawn up in the negotiation phase. Once both parties are satisfied with the contract, endorsement and dating of the binding accord will solidify the understanding and obligate the conditions therein.
Rental Application – An application is generally required to be submitted before a possible tenant is considered for occupancy. The questionnaire can be useful to brief the landlord on the identity, income, and employment associated with the applying individual. The information is additionally used to examine the applicant’s history regarding their credit, criminal, and rental background.