Oklahoma Standard Residential Lease Agreement – PDF Template

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The Oklahoma standard residential lease agreement is a document drafted by the Oklahoma real estate commission that is available for use by any landlord, real estate agent, and property manager. An agreement will usually be negotiated between the landlord and tenant to come to a consensus with regard to the cost of monthly rent, the lease length, the cost of utilities and the responsible party, and any applicable fees (i.e., late fees or parking fees). Once signed, both parties are bound to the terms relayed within the contract. (It is recommended that the landlord review the tenant’s credit through the rental application before authorizing a contract.)

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 which 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 balance owed or the lease agreement will terminate in fifteen (15) days from the receipt of the notice (O.S. §41-132(B)).