Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 25 - Surface Leasing for Agricultural and Commercial Purposes
Section 385:25-1-20 - Holdover tenants
Universal Citation: OK Admin Code 385:25-1-20
Current through Vol. 42, No. 1, September 16, 2024
(a) Holdover tenants bound by an agricultural lease shall be billed at a rate and terms of the expired lease contract. Legal proceedings will be brought to remove the holdover tenant from the premises and for payment of accrued rental, interest and costs for the holdover period.
(b) Unless a different holdover rate is specified in the lease, holdover tenants bound by a commercial lease shall be billed at a rate of one hundred fifty (150%) of the rental rate pro-rated on a monthly basis of rental rate in effect immediately preceding the holdover period.
Amended at 16 Ok Reg 1451, eff 5-27-99
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