Lease Agreement for Norman, Oklahoma Rental Properties

Becoming a Landlord

Perhaps you have always dreamed of buying a rental property and becoming a landlord. Or, you are moving to a new house and have decided to keep your old house and rent it out. Either way, you will need a solid lease agreement to set forth your expectations.

The Specific to Norman, Oklahoma Fixed-Term Residential Lease Agreement

The following is a sample Fixed-Term Residential Lease Agreement for you to peruse to get ideas of what types of issues may arise once you have made the decision to rent out your property. (Please note, however, that this article is for informational purposes only and nothing in this article should be construed as legal advice.)

FIXED-TERM RESIDENTIAL LEASE

This Lease/Agreement shall evidence the complete terms and conditions under which the parties whose signatures appear below have agreed. Landlord/Lessor, _______________________________________________________________________, shall be referred to as "OWNER" and Tenant(s)/Lessee, _______________________________________________________________________, shall be referred to as "RESIDENT." As consideration for this agreement, OWNER agrees to lease to RESIDENT and RESIDENT agrees to lease from OWNER for use solely as a private residence, the premises located at _______________________________________________________________________.

1. TERMS: RESIDENT agrees to pay in advance $____ for each and every month this lease is in force on or before the ____ day of each month. This agreement shall commence on _______________, _____ and continue from ________________, ______ until _______________, _____ as a leasehold. Please note that this is a lease for the above-mentioned period of time and may not be terminated by "30 days notice." If RESIDENT should move from the premises prior to the expiration of this time period, s/he shall be liable for all rent due until such time that the Residence is occupied by an OWNER-approved paying RESIDENT and/or expiration of said time period, whichever is shorter.