Tulsa landlords follow Oklahoma's Residential Landlord-Tenant Act, which requires security deposits be held in separate accounts and returned within thirty days after move-out with itemized deduction lists.
Oklahoma §41-115 governs Tulsa security deposits because the state preempts local deposit rules. Landlords must deposit tenant funds in a separate trust account at an FDIC-insured Oklahoma bank, distinct from operating accounts. Within thirty days after tenancy ends and the tenant provides a forwarding address, the landlord must return the deposit minus any itemized lawful deductions for damages beyond ordinary wear, unpaid rent, or charges specified in the lease. Failure to comply forfeits the right to retain any portion of the deposit and exposes the landlord to a tenant action for return.
Commingling deposits with personal funds, failing to itemize deductions, or missing the thirty-day window may result in forfeiture of all withheld funds plus possible attorney fees in a tenant suit.
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See how Tulsa's security deposit rules rules stack up against other locations.
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