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Oklahoma Rental Lease Agreements | Residential & Commercial

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The Oklahoma rental agreements are designated for the relationship between an owner/manager of property and an individual seeking to occupy for payment. All documents should be written in accordance with State laws located in Title 41 (Landlord and Tenant). Upon the signatures of all the parties involved the contract shall be considered legally binding until the end of its term or upon termination.

Rental Application – Landlord can use this form to allow the tenant to enter their personal and employment information to ensure they are credible.

Agreements

Commercial Lease Agreement – The act of a tenant, operating as a professional service or business, to occupy space that is not intended for livable use.

Lease with Option to Purchase Agreement – Standard residential contract with the added benefit of the purchaser having the added right to choose whether to buy the premises.

Month to Month Lease Agreement – Known also as a ‘tenancy at will’ where the lessee or lessor may cancel the arrangement at anytime with at least thirty (30) days’ notice (per § 41-111).

Room Rental (Roommate) Agreement – Form that allows the occupants of a shared home to create a written consensus of each person’s duties in regards to the common areas and the payment of rent, utilities, and any other expenses to the property.

Standard Residential Lease Agreement – Typical landlord-tenant contract for a specified term, usually twelve (12) months. This form is provided by the Oklahoma Real Estate Commission.

Sublease Agreement – Allows a tenant that is under agreement to re-rent the space to another individual on the premises usually with the required consent of the landlord.

Termination Lease Letter – Cancels a month to month contract by providing either the landlord or tenant with at least thirty (30) days’ notice from the next payment date.

Disclosures

Flooding – If the space has been flooded at anytime in the last five (5) years, and the landlord is aware of it, then all information in relation to the event must be forwarded to the tenant.

Landlord/Manager/Agent Disclosure – Anyone authorized to act on the property must be conveyed through the rental agreement.

Lead-Based Paint – Pursuant with federal laws that all landlords of residential structures in existence before 1978 shall notify the tenant of the possibility of lead paint throughout the premises.

Access

Pursuant with § 41-128 the landlord must report to the tenant within at least one (1) day before entering the property for any non-emergency reason.

Security Deposits

Maximum – No statute, landlord may request as much as desired.

Returning (§ 41-115) – Landlord must return any and all funds associated with the security deposit within thirty (30) days after the tenant’s term has ended and they have moved-out and delivered the property back to the landlord.

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