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A one-page rental agreement is a simplified document where a tenant and landlord outline essential rental terms for an apartment. It focuses on fundamental provisions, omitting state-required disclosures that may help mitigate future disputes and landlord liability. This type of agreement is beneficial for saving time and ensuring clarity, as tenants avoid wading through excessive paperwork, while landlords can ensure tenants fully comprehend the lease terms. Key elements of a one-page rental agreement typically include the lease start and end dates, security deposit amount, rent amount, payment schedule, and property condition.