This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.
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OREC RESIDENTIAL LEASE (11-2020)
PROPERTY ADDRESS ____________________________________________________________________________________
B. Dishonored Checks. In the event that the Tenant’s bank returns a check for any reason (insucient funds, stopped payments,
etc.), Tenant agrees:
1) To replace the returned check with certied funds within twenty-four hours. Checks will not be re-deposited.
2) To include payment of $ dishonored check charge with the replacement certied funds along with applicable
late charges.
3) If Tenant has a second dishonored check during the Lease Term, Tenant shall pay all further rents with cashier’s check or
money order.
C. Five Day Notice. In the case of non-payment of rent or failing to timely replace a dishonored check as required above, the
Tenant will receive a ve-day (5) notice as provided above.
3. DAMAGE/SECURITY DEPOSIT. Tenant shall deposit with Owner or Owner’s Broker a Damage/Security Deposit in the amount
of $ which shall be paid on or before the date of Tenant’s occupancy of the Premises. This Damage or Security Deposit
shall secure the performance of Tenant’s obligations to pay rent and leave the Premises in good, clean, and operating condition,
ordinary wear and tear excepted. Owner may, but shall not be obligated, to apply the Damage/Security Deposit or any portion thereof
to Tenant’s obligations. Any balance remaining upon termination shall be returned to Tenant within forty-ve (45) days of both the
Tenant giving written request for the return of the Damage/Security Deposit and the Tenant giving possession of the Premises to the
Owner. Tenant shall NOT have the right to apply the Damage/Security Deposit for payment of rent. If there is any money withheld
from the deposit, the Owner shall provide Tenant with a written itemized list of expenses, delivered by mail with return receipt
requested, or in person to the Tenant if they can reasonably be found. Owner or Owner’s Broker shall deposit the Damage/Security
Deposit in an FDIC insured escrow account. The account may bear interest, which shall be payable to Owner or Owner’s Broker in
consideration of the cost and burden of maintaining the escrow account.
4. ANIMALS. Tenant shall not keep animals of any kind on the Premises (except for service/assistance animals) without prior permission
from the Owner. If given permission, Tenant agrees to the terms of the attached Pet Addendum, which will require Tenant to pay
additional fees. If the Tenant acquires an animal after occupancy without written permission of Owner, it could result in the issuance
of an eviction notice.
5. SERVICE/ASSISTANCE ANIMALS. A Tenant with a disability may submit a request to the Owner for a reasonable accommodation
to have a service/assistance animal on the Premises, pursuant to the Fair Housing Act (FHA), the Americans with Disabilities Act
(ADA) or any other applicable federal, state or local law. Unless the Tenant has a disability or disability-related need for an assistance
animal that is readily apparent, the Owner may request reliable supporting documentation that (1) is necessary to verify that the
Tenant meets the denition of disability pursuant to the Fair Housing Act, (2) describes the needed accommodation, and (3) shows
the relationship between the Tenant’s disability and the need for the requested accommodation. Notwithstanding the absence of an
additional deposit for a service/assistance animal, the Tenant shall be responsible for any damages caused by the animal.
6. POSSESSION OF PREMISES. Tenant acknowledges that the statements and material representations made on Tenant’s signed
application, which is hereby incorporated by reference, have been relied upon by Owner, the falsity of which, in whole or in part,
shall constitute a breach of this Lease entitling Owner at Owner’s option, to terminate the Lease and repossess the Premises. This
Lease is further conditioned upon Owner securing possession of the Premises from the existing Tenant, if any, by the commencement
date hereof. In the event Owner is unable to deliver possession of the Premises to Tenant for any reason, including, but not limited to,
failure to previous Tenant to vacate Premises or partial or complete destruction of the Premises, Tenant shall have the right to terminate
this Agreement. In this event. Owner’s liability shall be limited to the return of all sums previously paid by Tenant to Owner except
application processing fee, if any.
7. CLEANLINESS/EXISTING DAMAGE. Prior to occupying the Premises, Tenant is responsible to inspect the Premises for
cleanliness and any existing damage. If the Premises is in need of cleaning or repair of damages, Tenant must notify Owner prior to
occupying the Premises, and within twenty-four (24) hours of receiving keys. It is the intent of the Owner to deliver the Premises to
Tenant in clean condition and without damage.
8. KEYS AND RE-KEYING. See attached Key/Re-key Addendum.
9. LEGAL USE. Tenant shall use the Premises only for residential purposes and for no other purpose. Operating a business, including
daycare, from the Premises is prohibited. Tenant shall not use, nor permit the use of anything in the Premises (i) which would violate
any of the terms or conditions of this Lease, (ii) for any unlawful purpose or in any unlawful manner, or (iii) that would substantially
increase cost of the Owner’s insurance. Tenant’s use shall comply with City Code and Ordinances, City, State and Federal Regulations
and Laws. Tenant shall pay any cost incurred by Owner due to Tenant’s violation of the Code, Regulations, Ordinances, and Laws.
Failure of the Tenant to pay costs shall constitute a breach of this Lease. If Owner should violate City Code and Ordinances, or City,
State or Federal Regulations and Laws, Owner shall cure or pay any cost incurred by Tenant due to the violations. .