Commercial Leasing FAQ

Short-term commercial leases (STCL) may last no more than three years, and are not subject to public bid. Long-term commercial leases (LTCL) may have a lease term of more than three years, but not more than 55 years. All long-term commercial leases are subject to public bid.

Upon application for a STCL and before the end of a STCL term, the lease is appraised for market value and market rent using acceptable and standard appraisal methods.

Yes, you are allowed to know who is currently leasing the land. Email the Land Office at info@clo.ok.gov for lessee information.

Yes, we prorate yearly rental rates February through December. The Land Office makes an effort to have annual rents invoiced for payment January 1 of each year.

Yes, you may pay your rent annually or pay the entire contract rent, which would be your annual rent for three years.

You must first receive written permission from the Land Office before any structures are constructed. Please contact the Real Estate Management Specialist that serves your area to discuss construction of structures on leased property. Additionally, permission to construct  may be granted by submitting an Improvement Request Form.

You will receive an invoice approximately the last week in November. The rent will be due by January 1st; interest will start accruing January 10th retroactive to January 1st.

Yes, the Land Office reserves the right to exchange, sell or commercially develop all or part of the leased property at any time.