SB198

Oklahoma SB198 allows real estate contracts to include a contingency period of up to 180 days for securing necessary permits and approvals.

Oklahoma SB198 permits real estate contracts, including sales, conveyances, exchanges, options to purchase, and leases with purchase options, to include a contingency period of up to 180 days. This period is intended to secure required permits, lot changes, zoning changes, and other land use approvals necessary for using and operating the real property. The act will be codified in the Oklahoma Statutes as Section 351 of Title 60, effective November 1, 2025.