Property Management
When an Oklahoma commercial lease expires and the tenant remains in possession without signing a new lease or receiving eviction notice, this creates a:
AFee simple tenancy for the tenant
BHoldover tenancy (tenancy at sufferance), which under Oklahoma law may become a month-to-month or year-to-year periodic tenancy if the landlord accepts rent✓ Correct
CAutomatic 1-year lease extension
DVoid occupancy with no legal rights
Explanation
When a tenant holds over after lease expiration, it creates a tenancy at sufferance. If the landlord accepts rent, Oklahoma law may convert this into a periodic tenancy. Landlords who want the tenant out must act promptly rather than accept rent.
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