What is the primary purpose of the Oklahoma Non-Residential/Residential Landlord and Tenant Act?

The primary purpose of the Oklahoma Non-Residential/Residential Landlord and Tenant Act is to regulate rental agreements and define the rights and obligations of both landlords and tenants. This act provides a legal framework to ensure that both parties understand their responsibilities and protections under the law, which helps to create a fair and clear rental marketplace.

By specifying the terms of rental agreements, addressing issues such as security deposits, repairs, and eviction procedures, the act fosters transparency in the landlord-tenant relationship. This is crucial because clear rights and obligations help prevent disputes and facilitate a smoother rental process. With a defined structure in place, both landlords and tenants can operate with greater confidence and security, knowing that their legal rights are protected.

The other options, while related to housing, do not encapsulate the central intent of the Act in the same way. Establishing rental payment guidelines, promoting affordable housing, or encouraging property investments, while important aspects of housing policy, do not specifically focus on the regulatory framework and the rights and obligations that the Act is designed to uphold.