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A one-page rental agreement is a simplified document where a tenant and landlord outline essential rental terms. It focuses on key provisions and omits state-required disclosures that could minimize future conflicts and liability for the landlord. This type of agreement is beneficial as it saves time for both parties, ensuring the tenant can easily understand the lease without navigating through excessive paperwork. Essential elements to include in a one-page rental agreement are start and end dates, security deposit amount, rent payment details (including amount, frequency, and method), and the condition of the property.