How long must property management records be retained in Oklahoma?

In Oklahoma, property management records must be retained for a minimum of five years. This retention period aligns with best practices in property management and regulatory compliance, ensuring that important documents such as leases, financial records, maintenance records, and other pertinent information are available for review if needed. Keeping records for this length of time protects both the property owner and the management company, facilitating better resolution processes for disputes or audits.

Retaining records for five years also balances the need for adequate documentation with the practical considerations of storage and retrieval, helping property managers effectively maintain their operations while complying with state regulations.