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OK SB1296
Bill
AI Summary
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Limits rent increases for month-to-month tenancies to a maximum of 7% plus the Consumer Price Index during any twelve-month period
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Requires landlords to provide tenants written notice at least 90 days before any rent increase takes effect
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Written notice must include the increase amount, new rent amount, effective date, and any applicable exemption documentation
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Exempts landlords from the rent cap if they provide reduced rent through federal, state, or local housing subsidy programs
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Landlords who violate the rent increase cap are liable to tenants for three months' rent plus actual damages
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Effective date: November 1, 2026
Legislative Description
Oklahoma Residential Landlord and Tenant Act; establishing certain restrictions on rent increases; providing exception to certain restrictions. Effective date.
Last Action
Second Reading referred to Judiciary
2/3/2026