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Oklahoma Residential Lease


Oklahoma Residential Lease
Oklahoma Residential Lease
This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission
OREC SINGLE FAMILY LEASE AGREEMENT (11-2012) Page 1 of 5
OKLAHOMA REAL ESTATE COMMISSION
This is a legally binding Contract if not understood seek advice from an attorney
RESIDENTIAL LEASE
CONTRACT DOCUMENTS. The contract is defined as this document with the following attachment(s): (check
as applicable)
_____ Broker Relationship Disclosure
_____ Flood Notification, if applicable
_____ Landlord’s and Tenant’s You Need to Know
_____ Lead-Based Paint Disclosure and Brochure
_____ Move In/Move Out Inspection
_____ Tenancy Guidelines
_____ Residential Landlord/Tenant Act
_____ __________________________
Owner___________________________________________________________________________________________
Tenant(s) _____________________________________________________________________________(the “Tenant”)
Owner’s Broker ___________________________________________________________________, a licensed real
estate broker
Property___________________________________________City_____________________State______Zip_________
Legal Description: ________________________________________________________________________________
In consideration of their mutual agreement to the following terms, conditions, and covenants, the Owner/Owner’s
Broker leases to Tenant and Tenant leases from Owner/Owner’s Broker the above described Premises.
TERMS, CONDITIONS AND COVENANTS
1. TERM. This Lease commences on (“Commencement Date”)
and expires on __________________________________________________________________ (“Expiration Date”).
Any extension of the “Expiration Date” must be mutually agreed upon in writing prior to the “Expiration Date.” Tenant
agrees to give Owner/Owner’s Broker written notice of intent to vacate the property, or request to extend the lease, at
least thirty (30) days, but no more than forty-five (45) days prior to the “Expiration Date" (Servicemembers Civil Relief Act
(SCRA) requires that a military service member be able to terminate certain lease agreements, see the You Need to
Know Lease Pamphlet for additional information).
2. RENT. Rental Rate shall be $____________ per month and is payable in advance on the first day of each and every
calendar month and shall be paid to_________________________________________________________________
Address: _____________________________________________________________________________________.
Prorated rent for _________ days at $_______________ per day equals $____________and is payable on or before
_____________________________________________________________________________________________.
A. Late Payment of Rent Fee. Any rent payment that is not received by Owner/Owner’s Broker by 11:59 p.m. on
the ________ day of the month it is due will be assessed a late fee of _____________. Total amount of late rent
and late fee is to be paid by money order, cashiers check or other certified funds.
B. Deductions from Rent. Deductions made from rent without written permission from Owner/Owner’s Broker will
be considered as unpaid rent and will subject Tenant to a late fee.
C. Dishonored Checks. In the event that Tenant’s check is returned by the bank for any reason (insufficient funds,
stopped payment, etc.), Tenant agrees:
1)
To replace the returned check with certified funds within twenty-four (24) hours. Dishonored checks will not be re-
deposited.
2) To include payment of $____________ dishonored check charge with the replacement certified funds along
with applicable late charges.
3) If Tenant has a second dishonored check, Tenant shall pay all further rents with cashier’s check or money order.
D. Five Day Notice to Evict. In the case of non-payment of rent or tendering a dishonored check, a five-day (5)
notice to “move or suffer eviction” shall be given as allowed by law.
3. SECURITY DEPOSIT. Tenant shall deposit with Owner/Owner’s Broker a Security Deposit in the amount of
______________________________ ($_______________) upon execution of this Agreement. This Security Deposit
shall secure the performance of Tenant’s obligations hereunder including leaving the Premises in the same condition
as they were received, normal wear and tear excepted. Tenant shall provide Owner/Owner's Broker a written list of
defects and/or items in need of repair within two (2) weeks after occupancy. Owner/Owner’s Broker may, but shall not
Oklahoma Residential Lease
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