When anyone is renting or leasing a property in Ohio, the lease agreement should follow Ohio’s landlord tenant’s laws.
However, most people are unaware of these laws and how to write agreements that adhere to them. To assist you in this purpose, CocoSign offers downloadable Ohio rental lease agreement templates that you can edit and use.
In order to know more about Ohio rental lease agreements, keep reading below:
What Is an Ohio Lease Agreement?
An Ohio lease agreement is a contract between a landlord and a tenant, where a landlord leases a property (or a part of it) to the tenant in exchange for rent. The landlord and the tenant should agree on the terms of the agreement before they sign it.
The tenant gets the right to access the premises after paying the first-month rent, the security deposit, and signing the lease agreement.
There are various types of Ohio rental lease agreements that are commonly in use, which include:
- Commercial lease agreement
- Lease with option to purchase agreement
- Month to month lease agreement
- Roommate agreement
- Standard residential lease agreement
- Sublease agreement
- Termination lease letter
- Ohio rental application
Ohio Landlord and Tenant Laws
Ohio Landlord Tenant Laws are stated in Chapter 5321 of the Ohio laws and rules. Some of the statutes of these laws include:
- The landlord may enter the leased property only at reasonable times. Additionally, the landlord has to give the tenant a notice period of 24 hours before entering the property.
In case the landlord fails to do so, the tenant can take action against the landlord and demand the recovery of actual damages from the landlord’s entry if any.
- In case of security deposits, if the landlord accepts $50 or one month’s rent (the greater of the two), the landlord has to keep the rent in an interest-bearing account.
Additionally, the landlord should keep the security deposit at an interest rate of 6% per annum in case the tenant is occupying the premises for six months or more. The interest should be paid by either the bank or the landlord.
- There is no maximum limit on the security deposit that the landlord can demand from the tenant. Furthermore, the landlord should pay the interest within 30 days from the termination of the lease agreement, along with interest (if applicable).
Ohio Lease Disclosures & Addendums
In order to abide by Ohio’s laws, there is one disclosure mandated by the Ohio landlord-tenant laws:
Lead-Based Paint Disclosure
In case the property was constructed prior to 1978, the landlord should inform the tenant about the presence of any lead-based paint.
Optional Disclosures & Addendums
While the following disclosures are not required by Ohio’s state laws, it is still recommended to add them to the rental lease agreement in order to make it more transparent.
If the landlord is subletting the property to multiple tenants, the lease agreement may state the formula for the calculation of the price for using the utilities.
If the landlord is providing the tenant with a parking space, they can mention it in the lease agreement. The limits on the parking may be added too.
If the housing premises restrict keeping pets, a clause may be included in the agreement stating the same.
There is a lot that one needs to keep in mind while drafting an Ohio rental lease agreement. Skipping on even the minor clauses can turn out to be harmful in the long run.
Therefore, the best way to create these agreements is to download the Ohio rental lease agreement template that CocoSign offers. If you want any other agreement template, you will find it in CocoSign’s library as well.
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