Oklahoma Commercial Lease Agreement Template
The 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 instructed to pay rent in addition to other expenses as negotiated by the parties. Due to the financial investment made by the landlord (i.e., fitting the property to meet the tenant’s needs), the term will typically 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.