Under the Oklahoma Residential Landlord and Tenant Act, what is the maximum security deposit a landlord may collect?
Correct Answer
A) No statutory limit
Under the Oklahoma Residential Landlord and Tenant Act (41 O.S. § 115), Oklahoma does not impose a statutory maximum on the amount a landlord may collect as a security deposit. This distinguishes Oklahoma from many other states that cap deposits at one or two months' rent. Landlords and tenants negotiate the deposit amount, subject to any lease terms agreed upon.
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