Oklahoma Lease Agreements

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Oklahoma lease agreements are legally binding documents that outline the responsibilities and rights of both landlords and tenants. With the help of TurboTenant’s Lease Agreement Generator and Templates, creating a comprehensive lease tailored to the unique requirements of Oklahoma’s regulations is straightforward and reliable. This article will discuss key sections and clauses to ensure that your lease agreement is up to date and compliant with Oklahoma’s leasing laws.

Section 1 – Custom to You

This section is designed to capture the specifics of your rental arrangement, including the parties to the lease, the rent amount, and utility responsibilities. The details here are crucial for personalizing your lease to fit your property and the agreement you’ve reached with your tenant(s).

Key Customizable Elements

  • Additional Provisions: Here, property-specific rules or local clauses can be added. It’s crucial to consult with a lawyer to ensure any unique clauses are legally sound.
  • Lost Key Policy: This clause mandates that tenants cover the full cost of rekeying the property should they fail to return all keys upon moving out.

Section 2 – Specific to Oklahoma

Section 2 incorporates Oklahoma-specific legal clauses that are created to maintain compliance with state laws. If any changes are made to this section using our Advanced Editor feature, it is recommended that consultation with an attorney be made to ensure compliance with state and/or local laws. These clauses cover areas such as late fees, security deposit requirements, and the landlord’s right of entry, among others.

Oklahoma Regulations Highlights

  • Late Fees (Section 2.1): A late fee of five percent (5%) of the unpaid rent is chargeable if rent is not received by the fifth day of each month.
  • Security Deposit Provisions (Section 2.4): While there’s no statutory maximum deposit amount in Oklahoma, it’s common to charge 1–2 times the monthly rent. Deposits should be kept in a separate FDIC-insured account, with returns processed within 45 days post-lease termination, accompanied by a written accounting of any deductions. Tenants must make a written demand to the landlord for the return of the security deposit. If a tenant fails to do this within 6 months of lease termination, the security deposit can be retained by landlord.
  • Entry/Access to Premises by Landlord (Section 2.8): Landlords have the right to enter the premises for inspections or showings, with a good faith effort to notify tenants at least one day in advance in non-emergencies.
  • Smoke/Carbon Monoxide Detectors (Section 2.14): Detectors must be operational, and tenants are responsible for regular testing and battery replacements.
  • Notification of Past Flooding (Section 2.15): Landlords must disclose if the property has been flooded within the past five years.

Section 3 – General Clauses for Best Practices

These clauses are standard across the United States and emphasize best practices to ensure a fair and smooth landlord-tenant relationship.

Best Practices Clauses

  • Subletting (Section 3.1): Tenants are prohibited from subleasing the property without the landlord’s written permission.
  • Altering or Improving the Property (Section 3.2): Any changes to the property, such as repainting, require the landlord’s written consent.
  • Choice of Law (Section 3.11): The lease agreement is governed by Oklahoma law, and there is a consent requirement to use the county courts where the property is located.
  • Follow the Law (Section 3.14): Tenants must adhere to all laws and ordinances and not be a nuisance to neighbors.
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FAQ

What constitutes a late fee in Oklahoma?

A late fee can be charged if rent is not paid by the fifth day of the month, amounting to five percent (5%) of the unpaid rent.

How should security deposits be handled in Oklahoma?

Security deposits, typically 1–2 times the monthly rent, must be kept in a separate FDIC-insured account and returned within 45 days after lease termination, along with an itemized list of deductions, if any. Tenant must make written demand to landlord for the return of the security deposit. If tenant fails to do this within 6 months of lease termination, the security deposit can be retained by landlord.

Can I enter the rental property for inspections?

Yes, landlords can enter the rental property for inspections or to show the property to prospective tenants, making a good faith effort to provide at least one day’s notice in non-emergency situations.

What are the requirements for smoke and carbon monoxide detectors?

Detectors must be in good working order, with tenants responsible for regular testing and battery replacement. Tampering with detectors is a misdemeanor punishable by fines.

TurboTenant Oklahoma Lease Agreements

TurboTenant provides an efficient and legally sound solution for landlords in Oklahoma to craft lease agreements that comply with state-specific regulations. By leveraging TurboTenant’s Lease Agreement Generator and Templates, landlords can confidently navigate the leasing process, ensuring that their lease

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