Commercial Lease Agreement Oklahoma

A commercial lease agreement Oklahoma is a contract that is drafted between the tenant of a commercial business property and the landlord.3 min read

A commercial lease agreement Oklahoma is a contract that is drafted between the tenant of a commercial business property and the landlord. The agreement will lay out the obligations of both parties as well as:

• The address of the leased property.
• The length or the lease.
• The payment amount and terms.

The most commonly used lease agreements in the state of Oklahoma include:

• Standard leases which last for 12 months.
• Month-to-month agreements.
• Lease to own agreements.
• Roommate agreements.
• Commercial lease agreements.

Commercial agreements can be quite complicated but when adequately negotiated can be very cost effective.

Required Disclosures

Under the Oklahoma law, there are certain things that a landlord must disclose to a party that wishes to lease property from them. They must disclose:

• If the property has flooded anytime during the previous five years.
• The identity of any person that is allowed to act on their behalf in relation to the property.
• If lead paint was used if the home or apartment was built before 1978.

Rights and Responsibilities of Landlords

In Oklahoma, landlords have specific rights and responsibilities required under the law. Landlords:

• Must provide the tenant with a day's notice before entering the for a nonemergency.
• Are allowed to request security deposits from lessees, but it must be returned 30 days after the lease has ended.