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Oklahoma Real Estate Commission Residential Lease Agreement

Residential Lease is a legal document published by the Oklahoma Real Estate Commission – a government agency operating in Oklahoma. Flood Disclosure – If the property has been flooded within the last five (5) years and the landlord is aware of it, the landlord must disclose the information contained in the lease (O.S. § 41-113a). A lease for residential real estate in Oklahoma is drafted by the Real Estate Commission and can be used by landlords when renting properties to tenants. The agreement must be negotiated and after that, the tenant must be verified by a rental request. After approval, the monthly rent, deposit and all incidental costs are negotiated. Once an oral agreement has been reached, the lease can be written and signed. Lead Paint Disclosure – All homes built before 1978 must include in their lease a lead-containing paint disclosure form detailing the presence of the toxic substance on the site and signed by both parties after verification. The Oklahoma Standard`s one (1) year residential lease creates a legal contract between a landlord and tenant for the use of the living space. The agreement sets out the rental terms in terms of monthly rent payment, deposit (if any), smoking/pet policies, utilities, and eviction notices. Although it is not mandatory, it is strongly recommended that the landlord check the tenant`s login information with the rental application to ensure their financial security. Once the agreement has been signed by all parties, it will take effect until the end of the term, which is usually one (1) year from the date of collection.

In the event that the Renter does not comply with the Rental Agreement and does not pay the full rent on the date specified in the document, the Renter will receive notice that he has ten (10) days to deliver the balance due, or the Lease will end within fifteen (15) days of receipt of the notice (O.S. § 41-132 (B)). Download a fillable version of the form by clicking on the link below, or browse other documents and templates provided by the Oklahoma Real Estate Commission. Laws – Title 41 – Homeowners and Tenants Act Maximum amount ($) – There is no legal maximum amount for deposits. Flood – If the landlord`s property has been flooded within the last five (5) years, the information must be communicated to the tenant using this form. Lead paint – If the housing unit was built before 1978, the landlord must attach this form to the lease to inform the tenant of the possible presence of lead paint, which may be dangerous to their health. Disclosure of methamphetamine – A landlord must inform the tenant if it is known that the property is being used to produce methamphetamines (O.S. § 41-118). .

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