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- What Is an Oklahoma Standard Lease Agreement
- Types of Oklahoma Lease Agreements
- Oklahoma Lease Addendums and Disclosures
- Oklahoma Lease Agreement Laws
- Oklahoma Residential Lease Agreement Sample
- FAQs About Oklahoma Lease Agreement
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What Is an Oklahoma Standard Lease Agreement
This legally binding contract should also define which situations constitute lease violations, and what the eviction procedures would be in any of those scenarios. Lease agreements are longer in duration than rental agreements, but they’re otherwise similar in purpose and structure.
It’s important to note that lease agreements need to comply with any lease-related laws in the state where the property is located.
Types of Oklahoma Lease Agreements
Before starting an Oklahoma lease agreement, it is important to know which type to create. There are many distinct varieties of these legal instruments, and each deals with a different type of rental situation.
The most common types of lease agreements in Oklahoma include:
Standard residential lease agreements: Under a standard lease agreement both the landlord and tenant commit to a fixed set of terms that last for a series of months or years.
Rent-to-own lease agreements: Lease agreements with rent-to-own options are designed for tenants that wish to buy the property they are renting. This requires them to pay a sum of money each month, in addition to rent, to cover the costs of the principal.
Month-to-month rental agreements: Month-to-month lease agreements will often have similar basic terms to standard residential lease contracts. However, they differ as they can be renewed or ended on a month-by-month basis. Their terms may also be flexibly altered each month.
Commercial lease agreements: Commercial leases are provided by landlords of retail property to tenants that intend to use the real estate to run a business.
Room rental agreements: In rental properties with shared living areas, a room rental agreement can be used to rent a singular bedroom.
Sublease agreement: An Oklahoma sublease agreement allows tenants to reassign or ‘sublease’ the property to another individual. This requires the property landlord’s permission and must be specifically allowed in the original lease.
Oklahoma Lease Addendums and Disclosures
Lease agreements need to include certain disclosures and addendums. These can vary significantly depending on the state in which the property is located. The following overview contains all the essential addendums for Oklahoma lease agreements:
|Disclosure/Addendum||Information That Must Be Disclosed|
|Agent/owner identification||A section must be included to detail the contact information of the landlord or the agent acting on their behalf (§ 41-116).|
|Flood zone disclosure||It must be disclosed if the property has flooded within the last 5 years (§ 41-113a). Information on the flooding incident must also be provided to the tenant.|
|Lead paint disclosure||Details whether or not lead paint can be found on the premises (if the building was constructed before 1978).|
Oklahoma Lease Agreement Laws
Oklahoma lease agreements must be written according to the laws of SD state, to ensure that they are legally binding and hold up in court. These regulations will determine what terms you must include in the contract.
The most relevant laws to take into consideration when renting a property in Oklahoma are:
Security deposits: In Oklahoma,landlords can set any amount as a security deposit. This amount must then be returned to the tenant no more than 45 days after they vacate the property and give back the keys (§ 41-115). The tenant must also be informed in advance of any deductions.
Landlord’s right to enter: Landlords need to give 24 hours’ advance notice to enter the rental property for non-emergencies (§ 41-128).
Oklahoma Residential Lease Agreement Sample
Before beginning the process of creating a residential lease agreement in Oklahoma, it is sensible to review an example document first. Use our Oklahoma lease agreement sample below to find out more about the structure and contents of a fully-fledged rental contract.
FAQs About Oklahoma Lease Agreement
It is important to carefully prepare an Oklahoma lease agreement to suit the needs of the landlord and tenant exactly. To help demystify the process a little, simply review our FAQs below to learn more about the specificities of rental contracts in Oklahoma.
Can I Write My Own Oklahoma Lease Agreement?
It is possible to create an Oklahoma lease agreement completely online. Using our residential lease agreement maker you can tailor your document for your specific needs and take advantage of professional templates and expert tips.
Can a Lease Be Negotiated in Oklahoma?
Yes, an Oklahoma residential lease agreement can be negotiated before it is signed. The landlord and tenant will usually discuss the terms before the agreement is put into action. However, once a lease agreement is signed it cannot be altered until it comes to its natural end or is terminated.
Do I Need to Notarize my Oklahoma Residential Lease Agreement?
It is not necessary to notarize an Oklahoma residential lease agreement. However, whilst this might not be a legal requirement in Oklahoma state, signees are still advised to consider this step to provide further legal enforceability.