Under Oklahoma law, within how many days must a landlord return a tenant's security deposit after the tenancy ends?
Correct Answer
C) 45 days
Under the Oklahoma Residential Landlord and Tenant Act (41 O.S. § 115), a landlord must return the tenant's security deposit — or provide a written itemized statement of deductions — within 45 days after the termination of the tenancy and the tenant's surrender of the premises. Failure to comply may result in the landlord forfeiting the right to retain any portion of the deposit.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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