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A one-page rental agreement is a simplified document where the tenant and landlord outline the essential terms of renting an apartment. It includes key provisions, such as start and end dates, the security deposit amount, periodicity and method of rent payments, and the property's condition. The agreement prioritizes efficiency by condensing information into a single page, making it easier for tenants to understand their obligations without sifting through extensive paperwork. However, it may lack state-required disclosures that could help mitigate potential conflicts and limit the landlord's legal liability. This straightforward format is beneficial for both parties, saving time and ensuring clarity in the arrangement.