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A one-page rental agreement is a simplified document outlining the rental terms between a tenant and landlord, focusing on essential provisions. It typically does not include state-required disclosures that could mitigate future disputes and reduce the landlord's legal liability. This type of agreement saves time for both parties; tenants avoid lengthy paperwork while landlords ensure tenants thoroughly understand the key terms. Crucial elements included are the lease's start and end dates, security deposit amount, rent amount, payment frequency, and payment method.
