Maryland Rental Application Form

Maryland landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant, and is part of the documentation required to sell the premises to the new owner.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Intended to be used only in the State of Maryland.

Maryland landlords, give your tenant an option to purchase their rental property with this Residential Lease Agreement with an Option to Purchase.

• The lease is for a fixed term, which should be no less than 2 years. THIS IS NOT A CONTRACT TO BUY.
• A portion of the monthly rent will be applied towards the purchase price, after a specified number of months in the lease term have been completed.
• Fair market value of the property will be mutually determined by the parties.
• The purchase option is null and void if the tenant breaches the lease.
• The tenant may exercise the option before the exercise date if he/she has the funds to complete the purchase.

• The Statement sets out the amount of the original security deposit and any additional deposits, less any deductions being made for unpaid rent or utilities, cleaning charges, repair charges, etc.
• It also sets out whether a refund is being paid to the tenant or if any additional amount is still owing to the landlord.