Oklahoma Real Estate Commission, Residential Lease Agreement (2026)

27. DESTRUCTION OR DAMAGE OF PREMISES. If the Premises is damaged or destroyed by fire or casualty to the extent that normal use
and occupancy of the Premises is substantially impaired, Tenant may immediately vacate the Premises and notify the Owner in writing
within seven (7) days thereafter of Tenant’s intention to terminate the Lease, in which case the Lease terminates as of the date of vacating.
If continued occupancy is lawful, Tenant may vacate any part of the Premises rendered unusable by the fire or casualty, in which case
Tenant’s liability for rent is reduced in proportion to the diminution in the fair-market rental value of the Premises, as determined by Owner.

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

Residential Lease (01-01-2026) This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission. Page 5 of 7
PROPERTY IDENTIFIER 

Unless the fire or casualty was due to Tenant’s negligence or otherwise caused by Tenant, if the Lease is terminated, the Owner
shall return security deposit to Tenant with the proper accounting as required by law. Accounting for rent in the event of termination
or apportionment must be made as of the date of the fire or casualty. The Owner shall withhold Tenant’s security deposit if the fire or
casualty was due to Tenant’s negligence or otherwise caused by Tenant, with proper accounting as required by law.

28. FORECLOSURE PROCEEDING OR SHERIFF’S SALE. If the Premises become subject to a foreclosure process or tax sale, notice of
said sale does not release Tenant from Tenant’s obligations in this Lease nor does it authorize Tenant to withhold rent.

29. BREACH OF CONTRACT.