An Oklahoma commercial lease agreement is a contract for a tenant to lease industrial, retail, or office space. The agreement sets the terms and conditions for both tenants and landlords, as well as information concerning rent, deadlines, penalties, and other items.
These types of leases are longer and more complicated than a residential lease, so working with a lawyer is advisable.
Writing Oklahoma Commercial Lease Agreements
An Oklahoma commercial lease agreement should generally contain the following:
- Landlord’s contact information
- Property manager’s contact information (if any)
- Tenant’s contact information
- Description of the lease property
- Authorized use of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the commencement date
- Option to renew the lease (if any)
- Rent and landlord’s profit participation in operations (if any)
- Penalty for late/non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Landlord and tenant contact information and form for legal service
- Place for the signatures of all parties
