If you're a landlord, you know how much paperwork is involved in finding tenants, showing units, and preparing leases. Our Maryland Residential Lease Forms save you time without having to hire an attorney, which saves you money too. There - that was easy.
The Maryland Real Property Code stipulates that the security deposit for a rental premises cannot exceed 2 months' rent. Landlords must pay 3% interest per year on deposits of $50 or more. Interest is simple interest (not compounded), and accrues every 6 months of the term of the lease or tenancy.
The landlord must issue a receipt for the security deposit. The security deposit must be kept in a separate bank account until the end of the tenancy, and returned to the tenant (plus accrued interest, minus any charges for damages or late rent) within 45 days after the tenant has vacated the premises.
Maryland landlords, extend the period (term) of a lease on a residential rental property with this affordable Extension of Lease Agreement.
The landlord and tenant both agree to extend the lease term for an additional period, at the monthly rental rate set out in the Extension Agreement. All provisions of the original lease which are not amended in the Extension Agreement remain the same.
This Maryland Extension of Residential Lease Agreement is provid.....