Need a Property Rentals Contract in Maryland? AroundWire Can Help

In Maryland, property rental contracts—covering both commercial and residential leases—are governed by a combination of state statutes (notably Md. Code, Real Property Title 8) and local ordinances, especially in counties like Montgomery and Baltimore City, which may impose additional requirements. Typical contracts must clearly define lease terms, rent amounts, security deposit limits (capped at two months’ rent by state law), maintenance responsibilities, and notice periods for renewal or termination. Landlords are required to disclose certain conditions, such as the presence of lead paint in properties built before 1978, and must comply with licensing requirements; many counties and cities mandate rental licenses and periodic inspections for habitability. Insurance obligations are standard, with landlords typically required to carry property and liability insurance, while tenants may be required to obtain renters’ insurance. Payment terms usually stipulate monthly payments, with late fees capped by law (generally up to 5% of the monthly rent). Security deposits must be held in escrow and returned within 45 days of lease termination, subject to allowable deductions. Dispute resolution often defaults to Maryland’s district courts, but some contracts specify mediation or arbitration as alternatives. Risk factors include noncompliance with habitability standards, improper handling of deposits, and failure to observe anti-discrimination laws. Overall, Maryland rental contracts are highly regulated, requiring careful attention to state and local legal mandates.