Commercial Leasing FAQ

Construction on CLO Lands is subject to review and approval by CLO prior to construction.  Please contact the Commercial Real Estate Division prior to commencing construction.  You will be expected to provide development plans and will be connected with the Real Estate Management Specialist for the area to discuss planned construction.

You can request information about the current lessee of a parcel by contacting the land office at info@clo.ok.gov or by clicking on the parcel in the GIS map on the CLO website found here.

Rent can be paid in one lump sum, at the beginning of the contract, or annually.  As a reminder, rent that is unpaid by its due date will incur interest.

Your lease will specify whether it can be sub-let, and the requirements necessary for assignment.  If you are unsure, a Commercial Real Estate staff member can assist you in determining whether it can be sub-let and what the assignment requirements are.

The CLO reserves the right to exchange, sell or commercially develop all or part of its leased property at any time, subject to the terms of any existing lease.  Note, most short-term commercial leases terminate at the point of exchange, sale, or long-term lease.

Rent is determined by utilizing an appraisal seeking highest best use market value which is used to establish market rent.  Appraisal is prepared using state standard appraisal methods.

Short-Term commercial lease contracts are no more than three years and are not subject to public bid.  Long-Term commercial leases may be up to 55 years and must be subject to public bid.

Rent is due, per the terms of the lease, typically January 1^st each year although some leases have slightly different terms.  Interest will begin accruing commencing the 10^th day after rent was due and is retroactive to the date rent was due.

Typically, rental rates are prorated if the lease commences after January.  Staff seek to have annual rents invoiced on January 1 each year.