Property Management
In Oklahoma, a month-to-month tenancy may be terminated by either party with:
ANo notice required
B7 days' written notice
C30 days' written notice✓ Correct
D60 days' written notice
Explanation
Oklahoma law generally requires 30 days' written notice to terminate a month-to-month tenancy by either the landlord or tenant, allowing the other party adequate time to find new housing or a new tenant.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
Continuing Education
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