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A one-page rental agreement is a simplified document where the landlord and tenant outline the essential terms of renting an apartment. It includes key provisions like the rental period, security deposit amount, and details about rent payments. This format is beneficial as it saves time for both parties, ensuring clarity without the need for extensive documentation. However, it omits state-required disclosures that could mitigate future conflicts and legal liabilities for the landlord. A well-crafted one-page rental agreement allows tenants to easily understand the terms of their lease while ensuring that landlords have laid out fundamental expectations and responsibilities.
