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A one-page rental agreement is a concise document where the tenant and landlord outline essential rental terms without extensive details. It typically includes critical provisions such as start and end dates, security deposit amount, rent payment details (amount, frequency, and method), and the apartment's condition. This type of agreement is beneficial as it saves time and simplifies the leasing process, allowing tenants to avoid cumbersome paperwork while ensuring they clearly understand the terms. However, it may lack state-required disclosures that could minimize future disputes and protect the landlord's legal liability.
