An Ohio lease agreement is used by landlords and property managers to make a legally binding contract for the renting of commercial or residential space to a tenant. A lease agreement is generally set for a one (1) year term with rent paid monthly. In some cases, the landlord and tenant may find it preferable to enter into a month-to-month or “at-will” tenancy, which offers both parties a more flexible move-out date. For commercial leases, it is not uncommon for the agreement to be longer than one (1) year to help avoid refitting costs for the property manager and give the tenant’s business time to grow.
Rental Application – Potential tenants can be asked to fill out this form which requires them to provide personal information as well as their employment and rental history.
Commercial Lease Agreement – This type of lease agreement is used for renting a retail, office, warehouse, or production space.
Rent-to-Own Agreement (Lease Option) – Under this residential lease contract, the tenant is given the option to purchase the property that they are renting if they conform to the contract’s terms.
Month-to-Month Lease Agreement – A rental contract with no fixed term that renews with each monthly payment the tenant makes.
Roommate Agreement – With this agreement, roommates can set duties and regulations that they all must follow in their shared living space.
Standard (1-year) Lease Agreement – A standard lease agreement is a twelve (12) month contract for the rental of a residential property by a tenant.
Sublease Agreement – If a landlord allows it, tenants can use this form to lease their rental unit to another person.
Lead-Based Paint Disclosure – If leasing a property built before 1978, the landlord must disclose to tenants the existence of known lead paint on the premises
General Access (§ 5321.04(8)) – The landlord must give at least twenty-four (24) hours’ notice before entering the tenant’s rental unit.
Emergency Access (§ 5321.04(8)) – In the event of an emergency, no notice is required before the landlord enters the rental unit.
Grace Period – No statute.
Maximum Fees ($) – No statute.
Rent Increase Notice – No statute.
Maximum Amount ($) – No statute.
Returning to Tenant (§ 5321.16(B)) – The landlord must pay back the security deposit within thirty (30) days from the lease termination date.
Interest Required? (§ 5321.16) – Yes. If the security deposit is at least fifty dollars ($50) or one (1) month’s rent, whichever is greater, it must be held in a bank account with an interest rate of five percent (5%). This rule only applies to leases that are at least six (6) months in length.
Separate Bank Account? – No statute.