Oklahoma Contract for the Lease of Real Estate

• Category: Landlord Tenant - Real Estate
• State: Multi-State
• Control #: US-60946
• Format: Word; Rich Text

Description

This form is a contract for the lease of real estate. The property and improvements are leased for use as a retail package liquor store. The lessee agrees not to use or permit the use of the property for illegal purposes. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the lessor. the lessee shall not permit overnight lodging in the property, or the solicitation of business by hand bills in the parking areas. The Oklahoma Contract for the Lease of Real Estate is a legally binding document that outlines the terms and conditions between a landlord (lessor) and a tenant (lessee) for the lease of a property located within the state of Oklahoma. This contract establishes a legal agreement that protects the rights and responsibilities of both parties involved in the leasing transaction. The Oklahoma Contract for the Lease of Real Estate typically includes several important elements, such as: 1. Parties: This section of the contract identifies the lessor and lessee by their legal names and addresses. It is essential to accurately identify both parties to ensure the contract's validity. 2. Property Description: Here, the lease agreement will detail the specific property being leased, including its physical address, unit number (if applicable), and any additional descriptions necessary to identify the property correctly. 3. Lease Term: This section outlines the duration of the lease agreement, specifying the exact start and end dates. It may also include provisions for renewal or termination of the lease, including any notice requirements. 4. Rent Payment: The contract will establish the amount of rent due, the payment schedule (monthly, quarterly, etc.), and the preferred method of payment. It may also outline any penalties for late payment or bounced checks. 5. Security Deposit: This section outlines the amount of the security deposit required by the lessor and describes the conditions under which the deposit can be used or refunded at the end of the lease term. 6. Maintenance and Repairs: This clause specifies the responsibilities of the landlord and tenant concerning maintenance, repairs, and property care during the lease period. It may define which party is responsible for specific repairs and under what circumstances. 7. Utilities and Services: This section addresses the payment and responsibility for utilities, such as electricity, water, gas, and other necessary services like internet or cable TV. It clarifies which party is responsible for setting up and covering the costs of these services. 8. Use of Property: The contract may outline any restrictions on the use of the property, such as limitations on business activities, subletting, or unauthorized alterations to the premises. 9. Default and Remedies: This clause defines the actions that can be taken by either party in the event of a default, such as non-payment of rent, violation of lease terms, or non-compliance with applicable laws. It will also specify any notice requirements and potential remedies, such as eviction or legal action. 10. Governing Law: The contract will typically include a provision stating that it is governed by and interpreted in accordance with the laws of the state of Oklahoma. Additional types of Oklahoma Contracts for the Lease of Real Estate may include variations such as residential leases, commercial leases, agricultural leases, or even month-to-month leases. It's important to use the specific type of lease that best suits your needs and property type, as different types of leases may have different provisions and requirements under Oklahoma law.

The Oklahoma Contract for the Lease of Real Estate is a legally binding document that outlines the terms and conditions between a landlord (lessor) and a tenant (lessee) for the lease of a property located within the state of Oklahoma. This contract establishes a legal agreement that protects the rights and responsibilities of both parties involved in the leasing transaction. The Oklahoma Contract for the Lease of Real Estate typically includes several important elements, such as: 1. Parties: This section of the contract identifies the lessor and lessee by their legal names and addresses. It is essential to accurately identify both parties to ensure the contract's validity. 2. Property Description: Here, the lease agreement will detail the specific property being leased, including its physical address, unit number (if applicable), and any additional descriptions necessary to identify the property correctly. 3. Lease Term: This section outlines the duration of the lease agreement, specifying the exact start and end dates. It may also include provisions for renewal or termination of the lease, including any notice requirements. 4. Rent Payment: The contract will establish the amount of rent due, the payment schedule (monthly, quarterly, etc.), and the preferred method of payment. It may also outline any penalties for late payment or bounced checks. 5. Security Deposit: This section outlines the amount of the security deposit required by the lessor and describes the conditions under which the deposit can be used or refunded at the end of the lease term. 6. Maintenance and Repairs: This clause specifies the responsibilities of the landlord and tenant concerning maintenance, repairs, and property care during the lease period. It may define which party is responsible for specific repairs and under what circumstances. 7. Utilities and Services: This section addresses the payment and responsibility for utilities, such as electricity, water, gas, and other necessary services like internet or cable TV. It clarifies which party is responsible for setting up and covering the costs of these services. 8. Use of Property: The contract may outline any restrictions on the use of the property, such as limitations on business activities, subletting, or unauthorized alterations to the premises. 9. Default and Remedies: This clause defines the actions that can be taken by either party in the event of a default, such as non-payment of rent, violation of lease terms, or non-compliance with applicable laws. It will also specify any notice requirements and potential remedies, such as eviction or legal action. 10. Governing Law: The contract will typically include a provision stating that it is governed by and interpreted in accordance with the laws of the state of Oklahoma. Additional types of Oklahoma Contracts for the Lease of Real Estate may include variations such as residential leases, commercial leases, agricultural leases, or even month-to-month leases. It's important to use the specific type of lease that best suits your needs and property type, as different types of leases may have different provisions and requirements under Oklahoma law.