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                                                         Altus Oasis Crashpad — Residential Lease Disclosure

Altus Oasis is and has always been a long-term residential rental, not a hotel, short-term rental, or transient lodging facility. The property operates under the Oklahoma Residential Landlord & Tenant Act (Title 41 O.S.) and complies with the City of Altus residential housing ordinance.

All occupants are tenants under a written lease agreement with a minimum term of 30 days or longer, typically structured as a one-year lease with a military clause allowing early termination under qualifying orders. Each tenant is granted exclusive possession of their leased space during the lease term.

Rent is calculated on a monthly basis and prorated by days for partial months, with payment due on a fixed schedule as outlined in the lease. There are no nightly or weekly rates, no “check-in” or “check-out” procedures, and no transient guest services such as daily housekeeping or hotel-style amenities.

Altus Oasis maintains strict adherence to local, state, and federal housing laws to ensure lawful operation as a permanent residential dwelling.

The Altus Oasis Crashpad has always operated as a long-term residential rental, compliant with both the Oklahoma Residential Landlord & Tenant Act (Title 41 O.S.) and the City of Altus residential housing ordinance.

Recently, there has been increased attention citywide regarding the classification of “crashpad” properties. To ensure full transparency and avoid confusion, we are providing this disclosure to clearly define our rental structure and reaffirm that we operate strictly as a residential lease property, not a short-term or transient lodging facility.

Our long-term leasing model — including yearly leases, a military clause, and monthly rent prorated by days for partial months — has remained consistent since day one. This notice is simply to clarify our compliance and provide confidence to current and future tenants that Altus Oasis remains a legally operated, professional, long-term housing option for military members and extended-stay professionals.

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