An Oklahoma Standard One (1) Year Lease Agreement is the basic form of most residential leases. As such, it will most likely be a reasonably straightforward lease, but should still be read carefully, so that the tenant can know all they need to to abide by the lease.
As eviction is a long and often expensive process, and trying to get owed rent money in Small Claims court even more so, it is imperative that the landlord know as much as possible about a tenant’s financial history. Similarly an eviction can tarnish a tenant’s ability to rent property in the future. Both parties should be completely sure of the tenants ability to pay rent and maintain the lease. If either are in question, a Month to Month Lease should be considered instead.
- Oklahoma state law requires that the landlord disclose if the property has been flooded in the last five (5) years.
- The landlord is also required by Oklahoma law to disclose the name and address of the property owner, property manager and anyone authorized to act on their behalf.
- Federal law requires that the landlord disclose any lead based paint hazards in or around the property