11/04/2026
Did you know that certain contracts are not enforceable in Oklahoma unless they are in writing & signed by the parties? Under 15 Okla. Stat. s. 136, the most frequently encountered of these are (1) contacts that cannot be completed in one year, and (2) contracts affecting the sale or lease of real estate that take longer than a year to complete. In practical terms, this means leases or other contracts longer than a year and rent to own contacts must be in writing. For example, if it takes more than a year for you to pay the full purchase price, the landlord in that rent to own handshake deal can ignore what he/she orally agreed with you and sell the property out from under you.
If you have any of these oral/handshake deals, contact Ary Brown Law, and I can get you the paperwork needed, so no one can back out on your deal. As much as I hate to say it, the world is not the same as it used to be.