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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. It includes fundamental provisions such as start and end dates, security deposit, rent amount and payment details, but does not include state-required disclosures that could help mitigate future conflicts and legal liability for the landlord. This type of agreement is beneficial as it saves time and reduces paperwork for both parties, ensuring that the tenant clearly understands the key terms prior to signing.