Updated June 17, 2022
A Maryland Association of Realtors lease agreement allows a licensed Realtor to handle the negotiations of a rental between a landlord and tenant. This agreement is for a fixed term (start and end date) with it usually lasting for a 1-year period. The Realtor’s role is to show the property, accept rental applications, verify the tenants, and negotiate the terms of the lease. The tenant will pay the security deposit, first month’s rent, and any other deposits or fees due at lease signing.
Commission – Depending on the agreement between the Realtor and who they were representing, the landlord or tenant, they will be owed a commission.
Move-In Checklist (§ 8-203.1(1)) – Within fifteen (15) days of occupancy, the tenant must complete a checklist to identify existing damage on the premises. This is to help protect the tenant’s security deposit from being wrongfully deducted at the end of the lease period.