Okla. Admin. Code § 385:25-1-20

Current through Vol. 42, No. 4, November 1, 2024

Section 385:25-1-20 - Holdover tenants

(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

Amended by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024