Oklahoma IOU (I Owe You)

This IOU acknowledges that I, [YOUR NAME], (hereinafter referred to as "Borrower"), owe a specified amount to the Lender named below under the terms outlined in this document.

I. Parties Involved:

This agreement is entered into on [DATE] between:

[LANDLORD'S NAME], hereinafter referred to as the "Landlord," residing at [LANDLORD'S ADDRESS], and [TENANT'S NAME], hereinafter referred to as the "Tenant," residing at [TENANT'S ADDRESS].

II. Rental Property Details:

The Landlord agrees to rent out the following property to the Tenant:

• Property Address: [PROPERTY ADDRESS]

• Description: [PROPERTY DESCRIPTION]

III. Rent Amount and Payment Terms:

The Tenant agrees to pay rent in the amount of $[RENT AMOUNT] per [RENT PERIOD], payable on or before the [DUE DATE] of each month.

IV. Security Deposit:

The Tenant has paid a security deposit in the amount of $[DEPOSIT AMOUNT] as security for the faithful performance of all terms and conditions of this agreement.

V. Term of Tenancy:

The term of this tenancy shall commence on [START DATE] and shall continue on a month-to-month basis until terminated by either party with [NOTICE PERIOD] days' written notice.

VI. Maintenance and Repairs:

The Tenant agrees to maintain the premises in good condition and promptly notify the Landlord of any needed repairs or maintenance issues.

VII. Default and Remedies:

In the event of default by the Tenant, the Landlord shall have the right to pursue all legal remedies available, including but not limited to eviction and/or collection of unpaid rent and damages.

VIII. Governing Law:

The provisions and clauses contained within this agreement are to be interpreted and enforced in line with the legal statutes and regulations applicable in the State of Oklahoma.

IX. Signatures:

Both parties acknowledge that they have read and understood the terms of this agreement and agree to be bound by its provisions.

Landlord

[YOUR NAME]

[DATE]

Tenant

[TENANT'S NAME]

[DATE]

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