Fill Out a Valid Oklahoma Lease Application Template Access Form Here

Fill Out a Valid Oklahoma Lease Application Template

The Oklahoma Lease Application form is a standard document created and approved by the Oklahoma Real Estate Commission for individuals looking to apply for a residential lease. It gathers comprehensive details about potential tenants, including personal information, rental history, employment background, and financial status, to assess their suitability for tenancy. For a smooth renting process, ensuring all information is thoroughly and accurately filled out on this form is crucial. Ready to take the next step towards securing your new home? Click the button below to fill out your application today.

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Finding a new place to live is an exciting step, but it often comes with a heap of paperwork. One essential document for future renters in the Sooner State is the Oklahoma Lease Application form. Approved and recommended by the Oklahoma Real Estate Commission, this detailed form serves several important functions, from gathering basic applicant information to conducting thorough background checks. It requires applicants to disclose personal details such as residential history, employment background, financial status, and even plans for pets. Security deposits and processing fees are outlined upfront, emphasizing their non-refundable nature under certain conditions. The form mandates disclosure of any legal issues that might affect an applicant's tenancy, like past evictions or bankruptcies, ensuring transparency between landlords and potential tenants. Furthermore, an emergency contact must be provided, underscoring the importance of safety and responsibility. Crucially, the lease application is built on a foundation of fairness, explicitly stating that the property is available to all, regardless of sex, race, religion, or other potentially discriminatory factors. This blend of thoroughness and integrity makes the Oklahoma Lease Application form a vital tool in the state’s real estate leasing process.

Sample - Oklahoma Lease Application Form

OKLAHOMA REAL ESTATE COMMISSION

RESIDENTIAL

LEASE APPLICATION

Section 1. Rental Property/Lease Information

OFFICE USE ONLY

____________________________________

Applicant Name (Last, First)

________________________________________________

Best phone number

________________________________________________

Best email

Property Address: _________________________________________________________________________________________________________________

Lease Start Date: _______________________________________________

Lease End Date: ____________________________________________

Rent Amount $ ______________________

payable in certified funds before or at time of possession.

 

 

 

 

Security Deposit $____________________

 

 

payable in certified funds upon approval of application or

 

to be prepaid in advance by certified funds, shall not

be refunded if application is approved and applicant fails to execute a lease and take possession of the subject property. Prepaid security deposit shall be refunded if application is not approved.

____________________ Deposit $_______________ payable in certified funds upon approval of application.

Processing Fee. The Application and Credit Check Processing Fee is $ _________________________ for each credit report, payable in cash, certified funds at

time of application. Employment, personal references, credit records, public records, current and previous property landlords’ references and criminal records may be checked as part of the processing of the application. This Processing Fee is NOT REFUNDABLE.

Upon approval of application, applicant has the right to receive a copy of the lease for review for ______ days (3 days if left blank) before they are

required to sign.

NOTICE: The above Property is offered for lease without regard to sex, race, religion, color, handicap, familial status, age or national origin.

Section 2. Applicant Information (A copy of photo identification for all applicants must be submitted with this application)

Applicant

Name: ___________________________________________________________________________________________________________________________

(First, Middle, Last)

 

 

Soc. Sec. #: _______________ - ________________ - ________________

Date of Birth: _____________________________________________________

Best Phone #: _________________________________________________

Work#: ________________________

Cell #: __________________________

Email: _______________________________________________________

Drivers Lic. #: __________________

Photo ID: _______ Yes _________ No

In Case of Emergency or Death (pursuant to Title 41 O.S. §130.1A) notification is to be made to:

Name: _____________________________________________________

Phone: _____________________ Alt. Phone: ____________________________

Must not be a co-applicant or someone who will be residing in the residence with you.

Address: ___________________________________________________

Relationship: _______________________________________________________

Present Address Information

Previous Address Information

Is present Landlord related to you?_________________________________

Was Landlord related to you? ________________________________________

Address: _____________________________________________________

Address: ________________________________________________________

City: _______________________________ State: ____ Zip: ____________

City: ____________________________State: ____ Zip: __________________

How long? Years ____ Months _______ Rent/Mortgage Pmt. ___________

How long? Years ____ Months ________ Rent/Mortgage Pmt. ______________

Present Landlord/Mortgage Co: ___________________________________

Present Landlord/Mortgage Co: ______________________________________

Phone: _______________________________________________________

Phone: __________________________________________________________

Reason for Leaving: ____________________________________________

Reason for Leaving: _______________________________________________

 

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission

OREC RESIDENTIAL LEASE APPLICATION (11-2012)

Page 1 of 4

RESIDENTIAL LEASE APPLICATION (continued)

Employment History

 

 

Current Employer: ______________________________________________________

Previous Employer: _______________________________________________________

Position: _____________________________________________________________

Position: ________________________________________________________________

Address: _____________________________________________________________

Address: ________________________________________________________________

City: ___________________________________ State: ______ Zip: ______________

City: _______________________________ State: ______ Zip: ____________________

How Long: __________________ Gross Monthly Income: ______________

How Long: ________________ Gross Monthly Income:___________________

Supervisor: ___________________________________ Phone #:________

Supervisor: _____________________________ Phone #: _______________

Other Income: ___________________

Source: ___________________

 

Do you have a checking/savings account? ___No ___Yes, if yes what bank? __________________________________________________________________

Have you ever:

Filed for bankruptcy? ___No ___Yes, if yes date of discharge? ___________________________________________________________________________

Been evicted? ___No ___Yes, please explain _________________________________________________________________________________________

Broken a lease? ___No ___Yes, please explain _______________________________________________________________________________________

Been convicted of a felony/misdemeanor? ___No ___Yes, for ____________________________________________________________________________

Been sued for nonpayment of rent? ___No ___Yes, please explain ________________________________________________________________________

Been sued for damage to rental property? ___No ___Yes, please explain ___________________________________________________________________

Section 3. Co-Applicant Information (A copy of photo identification for all applicants must be submitted with this application)

Applicant

Name: ___________________________________________________________________________________________________________________________

(First, Middle, Last)

 

 

Soc. Sec. #: _______________ - ________________ - _________________

Date of Birth:_____________________________________________________

Best Phone #: __________________________________________________

Work#: ________________________

Cell #: __________________________

Email: ________________________________________________________

Drivers Lic. #: ___________________

Photo ID:_______ Yes __________No

In Case of Emergency or Death (pursuant to Title 41 O.S. §130.1A) notification is to be made to:

Name: ______________________________________________________

Phone: _____________________ Alt. Phone: ____________________________

Must not be a co-applicant or someone who will be residing in the residence with you.

Address: ____________________________________________________

Relationship: _______________________________________________________

Present Address Information

Previous Address Information

Is present Landlord related to you? _________________________________

Was Landlord related to you?________________________________________

Address: ______________________________________________________

Address: ________________________________________________________

City:_______________________________ State: ____ Zip: _____________

City:____________________________ State: ____ Zip: __________________

How long? Years _______ Months _______ Rent/Mortgage Pmt. _________

How long? Years________ Months ______ Rent/Mortgage Pmt. ____________

Present Landlord/Mortgage Co: ____________________________________

Present Landlord/Mortgage Co: ______________________________________

Phone: _______________________________________________________

Phone: _________________________________________________________

Reason for Leaving: _____________________________________________

Reason for Leaving: _______________________________________________

 

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission

OREC RESIDENTIAL LEASE APPLICATION (11-2012)

Page 2 of 4

RESIDENTIAL LEASE APPLICATION (continued)

Employment History

 

 

Current Employer: _____________________________________________________

Previous Employer: ______________________________________________________

Position: _____________________________________________________________

Position: _______________________________________________________________

Address: _____________________________________________________________

Address: _______________________________________________________________

City: ___________________________________State: _______ Zip: _____________

City: _______________________________ State: _______ Zip: ___________________

How Long: __________________ Gross Monthly Income: ______________

How Long: _______________ Gross Monthly Income: ___________________

Supervisor: ___________________________________ Phone #: ________

Supervisor: ______________________________ Phone #: _______________

Other Income:____________________

Source: ___________________

 

Do you have a checking/savings account? ___No ___Yes, if yes what bank? __________________________________________________________________

Have you ever:

Filed for bankruptcy? ___No ___Yes, if yes date of discharge? ___________________________________________________________________________

Been evicted? ___No ___Yes, please explain _________________________________________________________________________________________

Broken a lease? ___No ___Yes, please explain ________________________________________________________________________________________

Been convicted of a felony/misdemeanor? ___No ___Yes, for ____________________________________________________________________________

Been sued for nonpayment of rent? ___No ___Yes, please explain ________________________________________________________________________

Been sued for damage to rental property? ___No ___Yes, please explain ___________________________________________________________________

Section 4. Other Information

Occupant Information

List name, ages, and relationship of occupants other than Applicant(s):

Name

Age

Relationship

________________________________________________________

______________________

__________________________________________

________________________________________________________

______________________

__________________________________________

________________________________________________________

______________________

__________________________________________

________________________________________________________

______________________

__________________________________________

No other individuals shall occupy the premises other than those named above.

Pet information:

List name, ages, breed, and other requested information for pet(s):

Name

Breed

Sex

Weight

Age

Neutered/Spayed

Indoor

Outdoor

__________________________________

______________________

__________

_______

______

____ No ____ Yes

____

____

__________________________________

______________________

__________

_______

______

____ No

____ Yes

____

____

__________________________________

______________________

__________

_______

______

____ No

____ Yes

____

____

No other pets shall occupy the premises other than those named above.

General Information:

Will any smokers occupy the property? _____ No _____Yes

Do you have Tenant’s Homeowners Insurance Coverage? ______ No ______ Yes, Insurance Company: __________________________________________

Vehicle Information: List automobiles trailers, boats, motorcycles, motor homes, or commercial vehicles be stored at the Property?

Make and Model: _________________________________________________________________________

License Plate #: ________________________

Make and Model: _________________________________________________________________________

License Plate #: ________________________

Make and Model: _________________________________________________________________________

License Plate #: ________________________

Make and Model: _________________________________________________________________________

License Plate #: ________________________

 

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission

OREC RESIDENTIAL LEASE APPLICATION (11-2012)

Page 3 of 4

RESIDENTIAL LEASE APPLICATION (continued)

Section 5. Acknowledgement, Agreement and Authorization

Applicant(s) represents that all of the above statements are true and complete and authorizes verification of all of the above information by all means available, including employment, personal references, credit records, public records, current and previous property owners and criminal records by the Owner and/or Property Manager. Applicant(s) acknowledges that false information may constitute a breach of the lease entitling the Property Owner, at the Property Owner’s option, to repossess the Property. Further, Applicant(s) expressly authorizes Owner and/or Property Manager (including a collection agency) to obtain Applicant(s) consumer credit report, which Owner and/or Property Manager may use if attempting to collect past due rent payments, late fees, or other charges from Applicant(s) both during the term of the lease and thereafter.

Applicant(s) also understands and agrees that this application will be retained by the Owner and/or the Owner’s Property Manager whether or not approved. Applicant(s) understands and agrees that, in the future upon request, the Owner and/or the Owner’s Property Manager will release information concerning the Owner’s experience with Applicant(s) as an Applicant/Tenant(s). Applicant(s) understand and agrees that this application will not be processed without the “Processing Fee” set out in Section 1. Applicant further agrees and understands that this Processing Fee will NOT BE REFUNDED regardless of whether or not the Owner accepts this application for residency and the Pre-paid Security Deposit shall NOT BE REFUNDED if application is approved and applicant fails to execute a lease and take possession of the subject Property.

_______________________________________________________

________________________________________________________

Applicant’s Signature

Applicant’s Signature

____________________________________________________________________

______________________________________________________________________

Date

Date

The undersigned Broker acknowledges receipt of the non-refundable processing fee.

____________________________________________________________________________________ ____________________________

Broker’s Signature

Date

Office Use Only:

 

Property Address being applied for: __________________________________________________________________________________________________________________

Security Deposit received on _________ by

_______________________

____________________ Deposit received on

__________ by _____________________

Processing Fee received on _________ by

_______________________

___________________________ received on

__________ by _____________________

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission

OREC RESIDENTIAL LEASE APPLICATION (11-2012)

Page 4 of 4

Document Information

Fact Description
Creation and Approval The form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.
Governing Law Title 41 O.S. §130.1A is mentioned as governing laws, especially concerning the notification in case of an applicant's emergency situation or death.
Application Fee The processing fee, required for each credit report during the application process, is non-refundable.
Security Deposit Policy The prepaid security deposit is refundable if the application is not approved; however, it is not refunded if the application is approved and the applicant fails to execute a lease and take possession.
Verification Process Employment, credit records, personal references, and past landlord references are among the details verified during the application process.
Equality Statement The application presents an equality statement, asserting that the property is offered for lease without discrimination based on sex, race, religion, color, handicap, familial status, age, or national origin.

Guide to Filling Out Oklahoma Lease Application

Filling out the Oklahoma Residential Lease Application form is a straightforward process, but attention to detail is a must. This form is a way for landlords to gather vital information about prospective tenants, evaluating their suitability for the rental property. Each section of the application form serves a specific purpose, from personal details to employment history and previous residence information. Following the step-by-step instructions below will ensure that you complete the application accurately and improve your chances of securing the rental property.

  1. Start with Section 1: Rental Property/Lease Information. Fill in the property address, lease start and end dates, rent and security deposit amounts. Remember, the security deposit must be paid in certified funds upon approval of the application.
  2. In the Applicant Information section, provide your complete name, social security number, date of birth, contact information, and driver's license number. If you are submitting a photo ID, make sure to check the corresponding box.
  3. Under the Emergency Contact subsection, list a person who is not a co-applicant or residing with you, including their phone numbers, address, and relationship to you.
  4. For your Present and Previous Address Information, detail your current and past landlords' information, the duration of your stay, and your rent/mortgage payments. Also, explain your reasons for leaving.
  5. Proceed to Section 2: Employment History. Include details of your current and previous employment, such as the employer names, positions held, addresses, employment duration, gross monthly income, and supervisor contact details.">
  6. If applicable, specify any Other Income sources and whether you possess a checking or savings account.
  7. Answer all questions related to your financial and legal background, including if you've ever filed for bankruptcy, been evicted, broken a lease, been convicted of a felony/misdemeanor, been sued for nonpayment of rent, or for damage to rental property.
  8. In Section 3: Co-Applicant Information, if applicable, replicate the process completed in section 2 for any co-applicant, including their personal, previous addresses, and employment history.
  9. In Section 4: Other Information, list all other occupants, provide pet information if any, indicate whether smokers will occupy the property, disclose tenant’s homeowners insurance coverage, and detail vehicle information for all vehicles to be stored at the property.
  10. Read and sign the Acknowledgement, Agreement and Authorization section, signifying that all the information provided is true and complete, and that you authorize the verification of this information.
  11. Finally, submit the non-refundable processing fee as indicated in the application form instructions, alongside your application.

Once completed, your application and the accompanying fee will be reviewed. It's essential to double-check your application for accuracy and completeness to avoid any delays in processing. By following these steps closely, you've completed your part in applying for a residential lease in Oklahoma.

Get Clarifications on Oklahoma Lease Application

  1. What is the purpose of the Oklahoma Lease Application form?

    The Oklahoma Lease Application form is designed to gather comprehensive information from potential tenants for the purpose of evaluating their eligibility for leasing residential property. It includes sections for personal information, rental and employment history, other occupants and pets, and authorization for the landlord or property manager to conduct background and credit checks.

  2. Is the application fee refundable?

    No, the application fee, as specified in the application form, is non-refundable. This fee covers the cost of processing the application, including credit and background checks, regardless of whether the application is approved or not.

  3. What happens to the security deposit if the application is approved but the applicant decides not to move in?

    If the application is approved but the applicant fails to execute the lease and take possession of the property, the prepaid security deposit is not refunded. However, if the application is not approved, the prepaid security deposit will be refunded.

  4. Can the applicant review the lease agreement before signing it?

    Yes, upon approval of the application, the applicant has the right to receive a copy of the lease for review. If a specific number of days for review is not mentioned, the applicant will have 3 days to review the lease before they are required to sign it.

  5. What information is required from the applicant?

    The applicant must provide a wide range of personal information, including current and previous addresses, employment history, income sources, and information on co-applicants and occupants, if any. Additionally, details concerning pets, vehicle information, and an emergency contact not residing in the premises are also required. A copy of photo identification for all applicants must be submitted with the application.

  6. What happens if the applicant provides false information on the application?

    Providing false information on the lease application may constitute a breach of the lease agreement. This could entitle the property owner, at their discretion, to repossess the property and terminate the lease. Furthermore, false information can negatively impact the applicant’s credibility and future leasing opportunities.

Common mistakes

When filling out the Oklahoma Lease Application form, individuals commonly make several mistakes that can lead to potential issues or even the rejection of their application. Below is a list highlighting five such errors.

  1. Not providing complete or accurate personal information: Applicants sometimes fail to fill in all required fields in the applicant information section, including their social security number, date of birth, and contact information. This oversight can delay the processing of the application or lead to outright rejection.

  2. Forgetting to include the application and credit check processing fee: This fee is crucial for the processing of the application, and its absence can halt the entire process. The fee, as clearly stated, is non-refundable, emphasizing the importance of including it with the application submission.

  3. Omitting previous rental history details: The form requests information on the applicant's current and previous residencies, including landlord contact details and the reason for leaving. Leaving these sections incomplete can raise concerns about the applicant's rental history.

  4. Overlooking the employment and income section: Accurately reporting employment history and monthly income is critical, as it helps the landlord assess the applicant's ability to afford the rent. Mistakes or omissions in this section can significantly impact the application's approval.

  5. Failure to disclose required background information: The form asks specific questions about past bankruptcies, evictions, broken leases, felony/misdemeanor convictions, and lawsuits related to rent or property damage. Incorrect or incomplete answers to these questions not only affect the application's integrity but also violate the acknowledgment agreement, potentially leading to legal repercussions.

In summary, thoroughness and accuracy are paramount when completing the Oklahoma Real Estate Commission Residential Lease Application. Avoiding these common mistakes can streamline the application process, making it smoother for both the applicant and the landlord.

Documents used along the form

When applying for a lease in Oklahoma, the lease application form is a crucial first step. However, several other documents and forms often accompany this application to ensure a comprehensive understanding between the landlord and the prospective tenant. These additional documents help to verify the information provided, outline the terms of the lease, and protect the rights of both parties involved. Understanding these forms can help applicants navigate the leasing process more effectively.

  • Rental Agreement or Residential Lease: This document outlines the terms of the lease, including the duration, rent amount, security deposit details, and any other specific rules or requirements. It is a legally binding agreement between the landlord and the tenant.
  • Guarantor Form: If the applicant has limited rental history or credit, a guarantor (often a parent or relative) may be required. This form legally binds the guarantor to the lease, ensuring the rent will be paid even if the tenant defaults.
  • Move-In/Move-Out Checklist: This form is used to document the condition of the property at the time of move-in and again at move-out. It helps determine what, if any, portion of the security deposit will be deducted for repairs of damages that occurred during the tenancy.
  • Lead-Based Paint Disclosure: For properties built before 1978, federal law requires landlords to disclose the presence of lead-based paint and provide tenants with a pamphlet about the associated hazards.
  • Emergency Contact Form: Although this information may be included in the lease application, a separate form can provide landlords with essential contact information for any emergencies that arise during the tenancy.
  • Pet Agreement: If the property allows pets, this agreement specifies the types, sizes, and breeds of pets allowed. It may also outline additional fees or deposits required for pet owners.
  • Rules and Regulations: This document details the property’s rules and community guidelines, such as noise restrictions, use of common areas, and maintenance responsibilities. It helps ensure that all tenants have a clear understanding of what is expected of them.

Each of these documents plays a role in clarifying the agreements made between the landlord and tenant, setting expectations, and protecting the interests of both parties. By thoroughly understanding and completing these documents as part of the lease application process, tenants and landlords can help ensure a smooth and agreeable leasing relationship.

Similar forms

The Oklahoma Lease Application form shares similarities with a Residential Rental Agreement, primarily because both documents are essential in the leasing process. While the application serves as a preliminary step for potential tenants to express interest and provide their background information, the rental agreement legally binds the tenant and landlord, outlining terms such as rent amount, lease duration, and property rules. Both documents require detailed tenant information and set the foundation for a rental relationship.

Similar to a Credit Application, the Oklahoma Lease Application evaluates a potential tenant's financial capability and reliability. Credit applications collect information to assess creditworthiness for loans or credit lines, whereas the lease application focuses on the applicant’s ability to meet rent payments and other financial obligations associated with leasing a property. They both involve checking credit histories to minimize financial risk.

A Job Application and the Oklahoma Lease Application form similarly gather personal and professional references to evaluate the applicant's responsibility and stability. Just as employers use job applications to screen candidates based on their work history and references, landlords review lease applications to identify reliable tenants who can maintain employment and steady income to afford the rental property.

Background Check Authorization forms are akin to the Oklahoma Lease Application as they both require consent from the applicant to verify personal information. The lease application explicitly mentions that submission authorizes the owner or property manager to obtain credit reports, check criminal records, and verify employment—measures that ensure the applicant meets the landlord’s rental criteria.

The Guarantor Agreement parallels the lease application in situations where the applicant might not meet all the leasing criteria independently. Just as the application collects applicant data for leasing consideration, a guarantor agreement involves a third party agreeing to meet financial obligations should the original applicant fail to do so, providing an additional layer of security for the property manager or landlord.

Vehicle Registration forms share commonalities with the Oklahoma Lease Application in the aspect of documenting personal property. The lease application includes a section for vehicle information similar to what one would find on a vehicle registration form, detailing the make, model, and license plate number to manage parking and meet community rules within the property.

A Pet Agreement or Registration within the leasing process resembles the Oklahoma Lease Application, as both note information about additional occupants - in this case, pets. The lease application requires details about pets much like a pet agreement, which outlines terms and conditions for having a pet on the premises, including breed, size, and any applicable deposits or fees.

The Emergency Contact Form is another document with contents mirrored in the lease application. Providing emergency contact information is standard in many contexts to ensure safety and accountability. The lease application explicitly requests this information to be used in case of an emergency, similar to how an emergency contact form would be utilized.

Tenant Insurance Verification forms and the Oklahoma Lease Application similarly ensure that tenants have or are aware of the need for renters insurance. While the application may ask if the applicant currently has insurance, the verification form confirms the existence and details of the policy, underscoring the importance of protecting the tenant's and landlord’s interests in case of property damage or liability.

Finally, the Move-In/Move-Out Checklist bears resemblance to the lease application due to its role in documenting the property's condition. Although used at different stages of the rental process—the application at the beginning and the checklist primarily at move-in and move-out—they both serve to protect the tenant's and landlord's interests by clearly stating property conditions, similar to how the application’s disclosures ensure parties are well-informed from the outset.

Dos and Don'ts

When filling out the Oklahoma Lease Application form, it's crucial to approach the process with care and attention to detail. To ensure a smooth application process, here are six things you should do and six things you shouldn’t do:

Things You Should Do:

  • Review the entire application before you start filling it out to make sure you understand what information is required.
  • Provide accurate and complete information in every section. Any missing or incorrect data can delay the process.
  • Include the contact information for your references, and inform them ahead of time that they might be contacted.
  • Submit a copy of your photo identification, as it’s a mandatory requirement with this application.
  • Be honest about your rental and credit history. The application process includes checks on these aspects, and any discrepancies can impact your application's success.
  • Ensure the application fee is paid with the appropriate method (cash, certified funds) as outlined in the application instructions. This fee is not refundable.

Things You Shouldn’t Do:

  • Leave sections blank. If a section doesn’t apply to you, write "N/A" to indicate that you have read and acknowledged it.
  • Submit the application without reviewing it for errors. Simple mistakes can complicate or delay the processing of your application.
  • Forget to list all individuals, including children, who will be living in the property. The application requires details about each occupant.
  • Provide incomplete contact information for your current or previous landlords, which could delay the application process due to verification steps.
  • Attempt to hide your criminal, eviction, or bankruptcy history. Such information can be easily verified through public records.
  • Give out false information. Doing so not only can result in your application being denied, but it may also lead to legal consequences.

Misconceptions

When it comes to leasing property in Oklahoma, the Oklahoma Real Estate Commission's Residential Lease Application is a vital document that helps to protect both landlords and tenants. However, several misconceptions surround its use and requirements. Understanding these can help applicants navigate the leasing process more smoothly.

  • Misconception 1: The processing fee is refundable if the application is rejected.

    This is incorrect. The application explicitly states that the processing fee is not refundable regardless of the application's outcome.

  • Misconception 2: The security deposit is always refundable.

    Actually, the security deposit is only refunded if the application is not approved. If the application is approved but the applicant fails to execute the lease and take possession of the property, the prepaid security deposit will not be refunded.

  • Misconception 3: Any information provided on the application will not be verified.

    The truth is all information provided by the applicant, including employment history, personal references, and previous landlord references, will be thoroughly checked as part of the application process.

  • Misconception 4: The application does not check for criminal history.

    Contrary to this belief, the application process includes checking public records that may indicate criminal history.

  • Misconception 5: Approval is based solely on financial information.

    While financial information and credit checks are crucial, landlords also consider rental history, criminal background checks, and references before making a decision.

  • Misconception 6: Co-applicants do not need to provide emergency contact information.

    In reality, both primary and co-applicants are required to provide information for an emergency contact who is not residing in the residence with them.

  • Misconception 7: You can move in more occupants than listed on the application once approved.

    This is false. The lease strictly limits occupancy to those individuals explicitly named in the application, barring any changes agreed upon in writing with the landlord.

  • Misconception 8: The application is only a formality and doesn't need to be completed accurately.

    Quite the contrary, providing false information on the application is considered a serious offense. It may not only result in the denial of the application but also lead to legal action or the applicant's disqualification from future rentals.

Understanding these key aspects of the Oklahoma Residential Lease Application can mitigate potential issues during the application process and set clear expectations for both parties involved in the lease agreement.

Key takeaways

Filling out and using the Oklahoma Lease Application form is an important step in securing a rental property. Here are some key takeaways to make the process smoother for potential tenants.

  • Comprehensive Information: The application requires detailed information about the applicant, co-applicant (if applicable), and any occupants. This includes personal, employment, and previous landlord information.
  • Non-refundable Fees: Applicants must pay a processing and credit check fee at the time of application. This fee is non-refundable, emphasizing the importance of seriousness and commitment when applying.
  • Security Deposit Policy: The security deposit, payable upon application approval, is only refundable if the application is rejected. If an approved applicant fails to execute the lease or take possession, the prepaid security deposit is not returned.
  • Documentation Requirement: A copy of photo identification for all applicants must be submitted with the application to verify the identities of the potential tenants.
  • Emergency Contact Information: Applicants must provide emergency contact details for someone not living with them, ensuring there is a contact point in case of emergencies or unforeseen circumstances.
  • Background Checks: The application process includes checking employment, personal references, credit records, public records, previous landlords’ references, and criminal records. This thorough vetting process is meant to ensure the reliability and suitability of potential tenants.
  • Disclosure of Financial and Legal History: Applicants are required to disclose any past bankruptcies, evictions, broken leases, criminal convictions, lawsuits for nonpayment of rent, and property damage. Full transparency is required and can influence the approval decision.
  • Review Period for Approved Applications: Once an application is approved, the applicant has the right to review the lease for a set period (three days, if not otherwise specified) before signing. This ensures that tenants fully understand their obligations and rights under the lease agreement.

By keeping these key takeaways in mind, applicants can better prepare themselves for the application process, increase their chances of approval, and ensure a smooth transition into their new rental property.

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