Oklahoma Commercial Lease Agreement Template
An Oklahoma commercial lease is a document that binds an individual or entity into an arrangement for the use of space that may be used for a business-related purpose. The tenant will be required to pay rent in addition to whatever other expenses have been outlined in the rental agreement. Due to the financial investment made by the landlord (i.e., fitting the property to meet the tenant’s needs), the term will typically be between two (2) to five (5) years with options to renew at the sole decision of the tenant. After the tenant has decided to rent the space, the landlord should conduct a screening of the individual’s credit and background with the rental application. The landlord should also verify the entity’s status (if applicable) by conducting a search with the Secretary of State’s Business Department.