The Oklahoma Residential Lease Agreement is a legally binding document that outlines the terms and conditions under which a landlord rents residential property to a tenant. This form serves to protect the rights and responsibilities of both parties, ensuring clarity in the rental arrangement. Understanding its components is essential for anyone involved in the leasing process in Oklahoma.
The Oklahoma Residential Lease Agreement is a crucial document for anyone involved in renting or leasing residential property in the state. This agreement outlines the terms and conditions between landlords and tenants, ensuring that both parties understand their rights and responsibilities. Key aspects of the form include the duration of the lease, the amount of rent, and the payment schedule. Additionally, it addresses security deposits, maintenance responsibilities, and rules regarding pets or modifications to the property. Both landlords and tenants must carefully review these provisions, as they help prevent misunderstandings and disputes down the line. By clearly defining expectations, the lease agreement fosters a positive rental experience for all involved, creating a foundation of trust and clarity in the landlord-tenant relationship.
Oklahoma Residential Lease Agreement
This Oklahoma Residential Lease Agreement ("Agreement") is made and entered into this _____ day of _______________, 20____. By and between _________________________ ("Landlord") and _________________________ ("Tenant"). The premises leased under this Agreement, located at ____________________________________ ("Premises"), is governed by the specific terms and conditions as stated herein and by the applicable laws of the State of Oklahoma, including but not limited to the Oklahoma Residential Landlord and Tenant Act.
1. Term of Lease
The term of this Lease shall commence on _________________, 20____, and shall terminate on _________________, 20____, unless sooner terminated according to the provisions hereof.
2. Rent
Rent shall be $_________ per month, payable in advance on the first day of each month. The first month's rent is due upon signing this Agreement. If rent is not paid by the fifth day after the due date, a late fee of $_________ will be incurred.
3. Deposits
A security deposit of $_________ is required upon signing this Lease. This deposit is fully refundable upon the termination of this Lease, provided the Premises is returned in the condition it was initially rented, normal wear and tear excepted.
4. Use of Premises
The Premises shall be used exclusively for residential purposes and shall not be used for any illegal activities. The number of permanent residents shall not exceed _________.
5. Maintenance and Repairs
Tenant agrees to keep the Premises clean and sanitary and to immediately report any damage, need for repairs, or maintenance issues to the Landlord. Landlord is responsible for maintaining the Premises in a habitable condition as required by law.
6. Alterations and Improvements
Tenant shall not make any alterations, additions, or improvements to the Premises without the prior written consent of the Landlord. Upon the termination of this Lease, any authorized alterations or improvements will become the property of the Landlord unless otherwise agreed.
7. Pets
Pets are ☐ allowed ☐ not allowed. If allowed, a non-refundable pet deposit of $_________ shall be paid prior to bringing the pet onto the Premises. Specific terms regarding the number and type of permitted pets are as follows: _________________________________________________________.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma.
9. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior understandings or agreements on the subject matter hereof. Any amendments to this Agreement must be in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Landlord's Signature: ___________________________
Tenant's Signature: ___________________________
Date: ____________________
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