Oklahoma warehouse lease agreement template

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How Oklahoma warehouse lease agreement Differ from Other States

Oklahoma requires specific disclosures about property condition and environmental hazards, which can differ from other states’ requirements.
Eviction and termination procedures are governed by Oklahoma-specific statutes, which may allow for different timelines and processes.
Commercial lease laws in Oklahoma, including regarding security deposits and tenant remedies, differ from those in many other states.

Frequently Asked Questions (FAQ)

Q: Is a written warehouse lease required by law in Oklahoma?

A: While oral leases are allowed for terms under one year, a written warehouse lease is strongly recommended for clarity and enforcement.
Q: What disclosures must be included in an Oklahoma warehouse lease?

A: Oklahoma requires disclosure of property condition and known environmental hazards, ensuring tenant awareness and compliance with regulations.
Q: How much security deposit can a landlord request in Oklahoma?

A: There is no statutory cap on commercial lease security deposits in Oklahoma, but the amount should be reasonable and agreed upon.

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Oklahoma Warehouse Lease Agreement

This Oklahoma Warehouse Lease Agreement (the "Agreement") is made and entered into as of [Date], by and between [Landlord Name], a [Landlord Business Type, e.g., Corporation, LLC], with its principal place of business at [Landlord Address] ("Landlord"), and [Tenant Name], a [Tenant Business Type, e.g., Corporation, LLC], with its principal place of business at [Tenant Address] ("Tenant"). If applicable, Landlord's registered agent is [Landlord Registered Agent Name] at [Landlord Registered Agent Address]. Tenant's registered agent, if applicable, is [Tenant Registered Agent Name] at [Tenant Registered Agent Address].

Premises:

Option A: The Landlord leases to the Tenant, and the Tenant leases from the Landlord, the warehouse space located at [Property Address], legally described as [Legal Description] (the "Premises").

Option B: The Premises consist of approximately [Square Footage] square feet of warehouse space, including [Number] loading docks, a ceiling height of [Ceiling Height] feet, bay spacing of [Bay Spacing] feet, an office/reception area of approximately [Office Area Dimensions], [Number] drive-in doors, access points at [Access Point Locations], and [Specify presence and dimensions of mezzanine or yard areas]. The Premises also includes truck/trailer parking for [Number] vehicles, [Specify availability of exterior storage], and utility connections for three-phase power, a sprinkler system, floor load capacity of [Floor Load Capacity], and [Specify presence and type of HVAC, if any].

Use of Premises:

Option A: The Premises shall be used exclusively for industrial/warehouse purposes, specifically including [List permitted uses such as storage, processing, distribution, fulfillment, or light manufacturing], and for no other purpose.

Option B: The Tenant shall comply with all applicable Oklahoma state and local zoning ordinances, fire codes, environmental regulations (including hazardous materials handling, Oklahoma DEQ compliance, stormwater runoff, and noise/vibration limitations), worker safety standards, building codes, and health regulations for commercial/warehouse use. The Tenant is responsible for obtaining all required licenses and permits for its operations. Use of premises is forbidden if it creates hazardous conditions.

Lease Term:

Option A: The term of this Lease shall be for a period of [Number] years, commencing on [Commencement Date] and expiring on [Expiration Date].

Option B: The occupancy commencement is dependent upon [Specify occupancy commencement obligations, e.g., inspections or punchlists].

Option C: The Tenant shall have the option to renew this Lease for [Number] additional term(s) of [Number] years each, subject to the terms and conditions set forth in Section [Section Number]. Tenant shall also have a right of first refusal on additional space, as detailed in Section [Section Number].

Rent:

Option A: The initial base rent shall be [Dollar Amount] per month, payable in advance on the [Day] day of each month, commencing on [Rent Commencement Date].

Option B: The base rent shall be calculated at [Dollar Amount] per square foot per year.

Option C: Rent escalation:

Option 1: The base rent shall increase annually by [Percentage]%.

Option 2: The base rent shall be adjusted annually based on the Consumer Price Index (CPI) for [Specific Oklahoma Area or City].

Option D: The security deposit is [Dollar Amount], to be held in accordance with Oklahoma law and returned within [Number] days of lease termination, less any deductions for damages beyond normal wear and tear. Late fees are [Dollar Amount] and will be assessed if rent is not received by [Number] days after the due date, as per Oklahoma Law.

Operating Expenses:

Option A: The Tenant shall be responsible for the following operating expenses: [List operating expenses, e.g., CAM charges, building management fees, utilities, waste disposal, snow/ice removal, landscaping, parking lot maintenance].

Option B: The Landlord shall be responsible for [List landlord responsible operating expenses].

Option C: Utilities:

Option 1: Utilities shall be separately metered and paid directly by the Tenant.

Option 2: Utilities shall be allocated based on [Specify allocation method].

Tenant Improvements and Alterations:

Option A: The Tenant may make alterations to the Premises with the Landlord's prior written consent, which shall not be unreasonably withheld.

Option B: All alterations must comply with applicable building codes and require necessary permits.

Option C: At the end of the Lease term, the Tenant shall [Specify whether alterations must be removed or can remain].

Option D: The Landlord shall provide a Tenant Improvement allowance of [Dollar Amount] for approved improvements.

Repairs and Maintenance:

Option A: The Landlord shall be responsible for maintaining the structure, roof, and exterior of the Premises.

Option B: The Tenant shall be responsible for maintaining the interior of the Premises, including but not limited to HVAC, loading dock equipment, and overhead doors.

Option C: The Landlord must maintain the premises in accordance with Oklahoma statutory minimum habitability and safety requirements.

Insurance:

Option A: The Tenant shall maintain property, general liability, workers' compensation (per Oklahoma law), and business interruption insurance, naming the Landlord as an additional insured. Minimum coverage levels shall be [Specify coverage amounts]. Evidence of insurance must be provided to Landlord.

Fire and Safety:

Option A: The Tenant shall comply with all fire and life safety regulations.

Option B: The Tenant shall maintain the fire suppression sprinkler system.

Option C: Clear egress and loading dock safety must be maintained.

Landlord's Access:

Option A: The Landlord shall have the right to access the Premises for inspections, repairs, and showings, subject to Oklahoma entry notice laws for commercial properties.

Option B: Except in emergencies, Landlord must give tenant [Number] hours notice.

Subleasing and Assignment:

Option A: The Tenant shall not sublease the Premises or assign this Lease without the Landlord's prior written consent. Landlord's consent will not be unreasonably withheld.

Move-In and Move-Out:

Option A: The Tenant shall return the Premises in the same condition as received, reasonable wear and tear excepted.

Option B: The Tenant is responsible for decommissioning of warehouse racking.

Utilities:

Option A: The Tenant shall be responsible for all utility services to the Premises, including electric, water, gas, and telecom/data lines.

Dispute Resolution:

Option A: Any disputes arising out of this Lease shall be resolved through mutual negotiation, followed by mediation or arbitration in [City, Oklahoma].

Option B: This Lease shall be governed by the laws of the State of Oklahoma.

Default:

Option A: If the Tenant defaults in the performance of any obligation under this Lease, the Landlord shall have the right to terminate this Lease and pursue all available remedies under Oklahoma law, including acceleration of rent and re-letting the Premises. The tenant shall have a cure period of [Number] days. The landlord shall abide by Oklahoma-specific notice requirements for breach.

Eminent Domain and Casualty Loss:

Option A: If the Premises are taken by eminent domain or suffer a casualty loss, this Lease shall terminate, or rent shall be adjusted, as provided by Oklahoma statutes.

Environmental Compliance:

Option A: The Tenant shall comply with all applicable environmental laws and regulations, including those relating to hazardous materials.

Option B: Tenant agrees to indemnify Landlord against any environmental claims arising from Tenant's use of the premises.

Indemnification:

Option A: The Tenant shall indemnify and hold harmless the Landlord from any claims arising out of the Tenant's use of the Premises, to the extent permitted by Oklahoma law.

Miscellaneous:

Option A: This Lease constitutes the entire agreement between the parties.

Option B: This Lease may be amended only by a written instrument signed by both parties.

Option C: Waiver of jury trial, if permitted under Oklahoma law.

Option D: Representations regarding broker involvement: [Specify Broker Name, Contact Information, and Commission Responsibilities]

Exhibits:

Exhibit A: Floor/Site Plan

Exhibit B: Inventory of Fixtures

Exhibit C: Property Condition Report

Exhibit D: Building Rules and Regulations

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

Landlord: