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A one-page rental agreement is a simplified document where the tenant and landlord agree on the basic terms of renting an apartment. It does not include state-required disclosures to prevent future conflicts and reduce legal liability. It saves time for both parties by focusing on key lease details, such as start and end dates, security deposit amount, rent payments, and property condition. The tenant can avoid lengthy documents, while the landlord ensures the tenant understands and agrees to the terms before signing.