Oklahoma Lease Agreements (7) | Residential & Commercial

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Updated January 07, 2023

Oklahoma rental agreements are contracts written for landlords and tenants when renting commercial or residential property. For residential property, it is recommended to use the agreement provided by the Real Estate Commission (OREC). When accepting a new tenant, it is recommended a landlord use a rental application before authorizing a binding lease.

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

Table of Contents

Agreement Types (7)

Standard Residential Lease Agreement – Commonly used landlord-tenant contract for a specified term, usually 12 months. The Oklahoma Real Estate Commission provides this form.

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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.

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Month-to-Month Lease Agreement (§ 41-111)- Known also as a “tenancy at will,” that allows the landlord or tenant may cancel the arrangement at any time with at least 30 days’ notice.

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Oklahoma Real Estate Commission (OREC) Lease Agreement – The recommended lease by the State of Oklahoma.

Download: Adobe PDF

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

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

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

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Required Disclosures (3)

Flood Disclosure Form (§ 41-113a) – If the property has been flooded at any time 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 (§ 41-116) – Anyone authorized to act on the property must be conveyed through the rental agreement.

Lead-Based Paint Disclosure – Pursuant to federal laws, landlords of residential structures built before 1978 shall notify the tenant of the possibility of lead paint throughout the premises.

Security Deposits

Maximum Amount – No statute. The landlord may request as much as desired.

Returning (§ 41-115) – The landlord must return any and all funds associated with the security deposit within forty-five (45) days after the tenant’s term has ended and they have moved out and delivered the property back to the landlord.

When is Rent Due? (Grace Period)

Rent is due at the time and place agreed to by the landlord and tenant. There is no statutory grace period in Oklahoma.

If the tenant does not pay rent when due, the landlord can issue a 5-day notice to quit to request payment or their removal from the premises (§ 41-131).

Late Rent

Maximum Penalty – No statute mentions a maximum late fee for rent.

NSF Fee (§ 68-218) – A landlord can charge up to $25 for a bad check written by a tenant.

Right to Enter (Landlord)

The landlord must give the tenant at least one (1) day’s notice before entering the property for non-emergency reasons (§ 41-128(c)).

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