OKLAHOMA state laws on landlord honoring lease on new property?

[Timmy Riggs]

Planning on selling my fully occupied duplex in OKC. Trying to figure out the expectations that my renters can have with the new landlord. 

Both sides have leases with at least 6-8 months left, does the new Landlord have to honor that lease without raising rents until they end? 

Thanks

[Cassi Justiz]

Hey @Timmy Riggs, 

Generally speaking leases stay in place whenever you sell a property in Oklahoma. The exception to this would be if they were on month to month leases. The new owner has to honor any existing leases that you have in place. 

Also, to make your life easier when you do list it, you'll want to have copies of leases, applications, and tenant payment history on file because most diligent buyers are going to want to review this info during their due diligence period. With the latest and greatest eviction moratorium, people are definitely going to be doing more homework on properties with tenants in place.