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

SB 1296 limits annual rent increases for Oklahoma landlords in month-to-month tenancies to 7% plus the Consumer Price Index, affecting residential tenants and landlords statewide. Landlords must provide tenants with 90 days' written notice before any increase and disclose the new rent amount and effective date. An exception applies if the landlord offers reduced rent through federal, state, or local housing programs. Violating these rules subjects landlords to paying tenants three months' rent plus actual damages, effective November 1, 2026.