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A one-page rental agreement is a simplified document outlining the essential terms between a tenant and a landlord for renting an apartment. It includes key provisions such as the start and end dates of the lease, security deposit amount, and details on rent payments, such as frequency and method. This type of agreement helps save time by condensing information into a single page, allowing tenants to avoid lengthy documents while ensuring clarity and understanding of the terms. However, it does not incorporate state-required disclosures that could help minimize future conflicts and reduce legal liability for the landlord.