An Oklahoma rent-to-own lease agreement is a normal lease agreement that also has an option to purchase the property. It includes the items expected to be in a lease agreement, including but not limited to monthly rent, deposits, and responsibilities. The option to buy the property comes next explaining the purchase price, arrangements, and requirements negotiated by the landlord and tenant. The tenant pays the monthly rent as usual until they decide they are ready to purchase the property. In some instances, paid rent can apply to the purchase price of the property. The seller is required to issue certain disclosures per Oklahoma law.
Use when the tenant decides to buy the property.
Lead-Based Paint Disclosure – Legally required for the sale of any property built before 1978.
Property Condition Disclaimer Statement No Known Defects ( § 60-833 ) – Used to waive any knowledge of the material conditions of the property.
Property Condition Disclosure Statement for Known Defects ( § 60-833 ) – Details the seller’s knowledge of the material condition of the property.