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Oklahoma Residential Lease Agreement | PDF – MS Word

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An Oklahoma residential lease agreement is drafted by the real estate commission and may be used by landlords when renting property to tenants. The agreement should be negotiated and afterward, the tenant should be screened through a rental application. Once approved, the monthly rent, security deposit, and any utilities will be negotiated. Once a verbal agreement has been reached the lease may be written and signed.

Table of Contents

Forms (2)


 

Real Estate Commission Lease

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Standard Residential Lease

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Security Deposit Laws

Maximum Amount ($) – There is no statutorily defined maximum amount for security deposits.

Returning – The security deposit should be returned to the tenant upon the termination of the lease and can be applied to the final payment of accrued rent. Should the landlord propose to retain a percentage of the deposit to cover rent or damages to the property, they will be required to supply the tenant with the remaining balance with forty-five (45) days of the lease termination (O.S. §41-115).

Required Disclosures

Lead-Based Paint Disclosure – All homes built prior to 1978 must include, in their lease agreements, a lead-based paint disclosure form that details the presence of the toxic substance on the premises and is signed by both parties following review.

Flooding Disclosure – If the property was flooded within the previous five (5) years and the landlord is aware of this, they must disclose the information in the lease agreement (O.S. §41-113a).

Methamphetamine Disclosure – A landlord must disclose to their tenant if the property was known to be used in the production of methamphetamines (O.S. §41-118)

Rent Grace Period

Should the tenant not comply with the rental agreement, and not pay the total rent on the date listed within the document, the tenant will be sent a notice stating that they have ten (10) days in which to deliver to the balance owed or the lease agreement will terminate in fifteen (15) days from the receipt of the notice (O.S. §41-132(B)).

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