Oklahoma leases are for the relationship between a property owner/administrator and a person wishing to rent for a fee. All documents must be drafted in accordance with the laws of the State in Title 41 (Lessor and Tenant). After the signature of all the parties concerned, the contract is deemed legally binding until the end of its term or in the event of termination. Lead-based color – According to federal laws, all owners of residential buildings that existed before 1978 must inform the tenant of the possibility of lead paint on the premises. Standard Lease Agreement for Residential Real Estate – Typical owner-tenant agreement for a fixed term, usually twelve (12) months. This form is provided by the Oklahoma Real Estate Commission. .
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