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A one-page rental agreement is a simplified document where a tenant and landlord outline the essential terms of renting an apartment. It includes fundamental provisions but omits state-required disclosures, which may lead to potential conflicts and liability issues for the landlord. This type of agreement is beneficial as it saves time for both parties and focuses on key details, allowing tenants to avoid lengthy paperwork while ensuring they understand the terms. Key elements of a one-page rental agreement include the start and end dates, security deposit amount, rent amount, payment frequency, and condition of the rental unit.