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A one-page rental agreement is a simplified document where the tenant and landlord agree on the basic terms of renting an apartment. It does not include state-required disclosures, which may lead to future conflicts and legal issues for the landlord. This type of agreement saves time, as it only contains essential lease details, such as start and end dates, security deposit amount, rent payment terms, and apartment conditions. It helps tenants avoid dealing with a large amount of paperwork, while ensuring that they fully understand the terms they are agreeing to.