{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-2a-529","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-2A-529","heading":"Lessor's action for the rent","body":"LESSOR'S ACTION FOR THE RENT\n\n(1) After default by the lessee under the lease contract of the\n\ntype described in subsection (1) of Section 2A-523 or paragraph (a)\n\nof subsection (3) of Section 2A-523 of this title, or, if agreed,\n\nafter other default by the lessee, if the lessor complies with\n\nsubsection (2) of this section, the lessor may recover from the\n\nlessee as damages:\n\n(a) for goods accepted by the lessee and not repossessed\n\nby or tendered to the lessor, and for conforming goods\n\nlost or damaged within a commercially reasonable time\n\nafter risk of loss passes to the lessee (Section 2A-\n\n219 of this title):\n\n(i) accrued and unpaid rent as of the date of entry\n\nof judgment in favor of the lessor,\n\n(ii) the present value as of the same date of the rent\n\nfor the then remaining lease term of the lease\n\nagreement, and\n\n(iii) any incidental damages allowed under Section 2A-\n\n530 of this title, less expenses saved in\n\nconsequence of the lessee's default; and\n\n(b) for goods identified to the lease contract if the\n\nlessor is unable after reasonable effort to dispose of\n\nthem at a reasonable price or the circumstances\n\nreasonably indicate that effort will be unavailing:\n\n(i) accrued and unpaid rent as of the date of entry\n\nof judgment in favor of the lessor,\n\n(ii) the present value as of the same date of the rent\n\nfor the then remaining lease term of the lease\n\nagreement, and\n\n(iii) any incidental damages allowed under Section 2A-\n\n530 of this title, less expenses saved in\n\nconsequence of the lessee's default.\n\n(2) Except as provided in subsection (3) of this section, the\n\nlessor shall hold for the lessee for the remaining lease term of the\n\nlease agreement any goods that have been identified to the lease\n\ncontract and are in the lessor's control.\n\n(3) The lessor may dispose of the goods at any time before\n\ncollection of the judgment for damages obtained pursuant to\n\nsubsection (1) of this section. If the disposition is before the\n\nend of the remaining lease term of the lease agreement, the lessor's\n\nrecovery against the lessee for damages is governed by Section 2A-\n\n527 or 2A-528 of this title, and the lessor will cause an\n\nappropriate credit to be provided against a judgment for damages to\n\nthe extent that the amount of the judgment exceeds the recovery\n\navailable pursuant to Section 2A-527 or 2A-528 of this title.\n\n(4) Payment of the judgment for damages obtained pursuant to\n\nsubsection (1) of this section entitles the lessee to the use and\n\npossession of the goods not then disposed of for the remaining lease\n\nterm of and in accordance with the lease agreement.\n\n(5) After default by the lessee under the lease contract of the\n\ntype described in either subsection (1) of Section 2A-523 of this\n\ntitle or paragraph (a) of subsection (3) of Section 2A-523 of this\n\ntitle or, if agreed, after other default by the lessee, a lessor who\n\nis held not entitled to rent under this section must nevertheless be\n\nawarded damages for nonacceptance under Sections 2A-527 or 2A-528 of\n\nthis title.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"b8fe7ed5dc87cde76186979bb48bea50fdd6fe0de6dc9057a7463d2c5cc9eebd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-2a-528","next":"us-ok/okla.-stat.-tit.-12a-12a-2a-530"},"notice":"GroundRules: Original legal text. Not legal advice."}