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A short-term rental agreement is a contract between a tenant and landlord outlining the terms for renting a property for a period typically not exceeding 30 days. It is essential for landlords as it helps protect against fraud and damages, serving as evidence of the tenant's commitment to pay rent. Additionally, it stipulates that the tenant is responsible for any damages to the property. For tenants, the agreement establishes the legal right to occupy the rental unit for a specified time and cost, detailing access to common areas like kitchens and bathrooms. This document is crucial for ensuring clarity and protection for both parties involved.