The Most Commonly Used Ohio Lease Agreements
The most commonly used Ohio lease agreements are a standard Ohio lease agreements for residential units, month-to-month lease agreements, lease to own agreements, subleasing agreements, roommate agreements, and a commercial lease agreement.
How to Write a Standard Ohio Lease Agreement
A standard Ohio lease agreement needs the following information:
- The date that the lease was created
- The name of the landlord and the tenant
- The physical address of the property (including city and county)
- The length of time the lease will last. This should include the start date and the date it ends
- The amount of rent that will be paid for the entire lease, the amount paid each month, the date the rent is due, the date the first rent payment should be paid, and whether any services or utilities are included as part of rent. This section should also include the amount of any late charge that will be assessed and when it will be assessed. It should also address NSF fees
- The amount of the security deposit that the tenant paid
- How the property may be used (such as a private family residential unit)
- The condition of the premises when the tenant moves in
- Whether the landlord allows subletting
- The steps the tenant should take to request alterations
- Which utilities the landlord will pay and which ones the tenant will pay
- How the tenant may request repairs
- What happens if the premises is damaged
- When the landlord may inspect the premises
- What happens if the tenant becomes a holdover at the end of the lease
- How the tenant may surrender the premises
- Whether pets are allowed, if there’s a pet deposit, and any restrictions on pets
- A space for an address for both the landlord and the tenant to receive notices
The lease must be signed by both the tenant and the landlord for it to be binding.
What Disclosures Must Be Made in an Ohio Lease Agreement?
The only disclosure required is for residential units built before 1978. A lead based paint disclosure must be given.
What You Need to Know about Ohio Lease Agreement Deposits
Security deposits must be held in an interest-bearing account if the security deposit is at least $50. The interest-bearing account must earn 5% per year if the tenant stays on the premises for at least six months. There is no state cap on how much a landlord may request for a security deposit. The security deposit and the interest must be returned within 30 days of the end of the lease.