Oklahoma Real Estate Commission, Residential Lease Agreement (2026)

2. RENT. Tenant agrees to pay rent to:  ,
Address: in the total amount
of $ at the rate of $ per month. Tenant shall also be responsible for paying the following utility
costs . Each monthly rent payment is payable in advance and is
due on the 1st day of each month of the Lease Term. The initial rent payment in the amount of $ , must be made on
. Last month’s rent is payable by money order, cashier’s check, or electronic payment. Prorated rent for days at
$ per day equals $ , and is payable on or before .

A. Late Payment of Rent Fee. Any rent payment that is not received by Owner by 11:59 p.m. on the day of the month it is due
will be assessed a late fee of . The parties agree that this late fee shall serve as liquidated damages, and not penalty for
the late payment. The parties also agree that this amount is a reasonable sum to serve as the liquidated damages, and further agree
that the actual damages suffered by Owner because of the late payment would be difficult, if not impossible, to ascertain. Total amount
of late rent and late fee is payable by money order, cashier’s check, or other certified funds. Deductions made from rent without written
permission from Owner are considered as unpaid rent and will be subject to a late fee.
B. Dishonored Checks. In the event that the Tenant’s bank returns a check for any reason (insufficient funds, stopped payments, etc.),
Tenant agrees:
1. To replace the returned check with certified funds within twenty-four hours. Checks will not be re-deposited.
2. To include payment of $ dishonored check charge with the replacement certified funds along with applicable
late charges.

Tenant’s Initials Owner’s Initials Initials are for acknowledgment purposes only