An Oklahoma standard residential lease agreement is a legal contract between a landlord and tenant that sets the conditions for renting a property. This comprehensive agreement delineates the respective responsibilities of both parties throughout a specified fixed-term period, typically one year.
Lease Length Considerations
- The maximum duration is not specifically limited by state law. This means that landlords and tenants can agree on a lease term that suits their needs, whether it’s short-term or extended for several years.
- If the rental contract doesn’t specify a set period in writing, then for someone renting a room and paying rent weekly, the rental is on a week-to-week basis. For all other renters, it’s month-to-month. [1]
Required Lease Disclosures
- Disclosure of Flood Hazard Area.
- Notice of Illegal Substance Contamination.
- Identification.
- Disclosure of Lead-Based Hazards.
For information on disclosure requirements and state laws, visit our Oklahoma lease agreements page.
Security Deposit
- Maximum Amount ($): No state-imposed limit.
- Returning to Tenant: Within 45 days. [2]
Rent Payment
- Grace Period: There is no specific state law that provides a grace period for rent payments. [3]
- Maximum Late Fee: There is no set maximum, but late fees must be reasonable and stated in the lease.
- NSF Fee: The maximum fee for a returned check is $25. [4]
Landlord Resources
- Landlord-Tenant Laws – § 41 (Landlord and Tenant).
- Handbook – Tenant Rights and Duties (PDF).
