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A one-page rental agreement is a simplified document that outlines the essential terms of the rental arrangement between a tenant and a landlord, focusing on fundamental provisions. It is designed to save time for both parties, allowing tenants to avoid lengthy contracts while ensuring they understand the key terms. However, it does not include state-required disclosures that could prevent future conflicts or mitigate the landlord's legal liability. Critical elements to include in such an agreement are the lease's start and end dates, the security deposit amount, rent payment details (amount, frequency, and method), and the property's condition. This streamlined document aids in clarity and understanding for both parties involved.
