Oklahoma Commercial Lease Agreement (2025)

The commercial real estate market in Oklahoma is experiencing steady growth, driven by a resurgence in retail and office space demands. As of 2025, the vacancy rate for office spaces remains around 12%, while retail spaces boast a lower rate of approximately 8%. Lease terms typically range from 3 to 10 years, with longer terms often found in retail leases. A significant trend is the increased demand for flexible office spaces, catering to a growing number of startups and remote workers. Oklahoma's favorable business climate and competitive lease rates continue to attract investors and tenants alike.

• Adhere to Building Codes: Landlords must ensure that the property complies with local building codes, ensuring safety and accessibility.
• Disclose Property Condition: It is mandatory for landlords to disclose any known issues or defects in the property to potential tenants.
• Provide Maintenance: Landlords are responsible for maintaining common areas and ensuring essential services like heating and plumbing are operational.
• Ensure Property Insurance: Landlords must secure and maintain adequate property insurance to protect the building and its occupants.
• Handle Environmental Concerns: Landlords must address any environmental hazards, such as asbestos or lead, in compliance with state regulations.

• Right to Quiet Enjoyment: Tenants are entitled to use the property without disturbance from the landlord or other parties.
• Right to Safety: Tenants have the right to a safe and secure environment, with landlords responsible for maintaining the property.
• Protection Against Discrimination: Tenants are protected under state and federal laws against discrimination based on race, color, religion, sex, or national origin.
• Right to Terminate: Tenants may terminate a lease early if the landlord fails to meet essential obligations, such as major repairs.
• Right to Rent Control Information: Tenants can access information regarding rent increases and any applicable rent control measures.

In Oklahoma, commercial properties must adhere to specific zoning laws that dictate the type of business activities allowed. Obtaining the necessary permits for construction or significant modifications is crucial. Additionally, commercial tenants usually need comprehensive insurance covering liability, property damage, and business interruption. The Oklahoma Department of Commerce provides resources for understanding these requirements.

Office buildings, retail spaces, and general commercial properties

State: Oklahoma

Property Type: Commercial

Document: Commercial Lease