Oklahoma Residential Landlord and Tenant Act; establishing certain restrictions on rent increases; providing exception to certain restrictions. Effective date.

This bill changes the Oklahoma Residential Landlord and Tenant Act by placing new rules on how landlords can increase rent for month-to-month tenants. Landlords would need to give 90 days' written notice for a rent increase, and the increase cannot be more than 7% plus the Consumer Price Index within a 12-month period, unless the landlord is part of a government rent program. If a landlord violates these rules, they could owe the tenant three months' rent plus any actual damages.

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