Ohio Association of Realtors` Residential LeaseSheet.pdf – A form used to identify and record basic information about a rental agreement. The form is completed before a lease is entered into and is often used in situations where a lawyer writes a lease to ensure they have the information they need to create it. The form includes rent residents, rental duration, rental amount, pets, subletting, deposits, incidentals and brokers (if required). There are also provisions that may not be included in a residential property lease agreement in Ohio, including: In accordance with Ohio state rent laws and lease documents, rent is due as stated in the rental agreement. However, the state does not have laws covering notices of rent increases, prepaid rent, or rental period. Leases in Ohio are used to define the rental terms of a natural or legal person wishing to occupy a commercial or residential area. The party that occupies the space, the “tenant”, will agree to pay the rent during the term of the lease to the party that owns the property, the “lessor”. The lessor will usually ask for credit and background information from a potential tenant on completing a rental application. This substantive check assures the lessor that the applicant can afford to pay the rents and that he has paid his bills on time in the past. Once approved, the lease can be signed and all necessary bonds on behalf of the tenant can be transferred. Sublease Agreement – Between the tenant and a person who wishes to continue the lease between the tenant and the landlord designated as “tenant”.

All provisions of the rental agreement must be held by the landlord and the tenant, otherwise the injuring party will be late. The Ohio Standard Residential Lease Agreement is a one-year contract for the rental of living space by a tenant. In return for the use of the premises, the tenant must pay a monthly amount that may include incidental costs. The tenant must also comply with the conditions set out in the contract. Landlords should exercise caution with any potential tenant by checking them with the rental application to check their creditworthiness. Permitted uses of the deposit include payment of overdue rent and payment of damages due to a tenant`s failure to comply with the rental agreement or the tenant`s legal obligations. With respect to surety interest, the Ohio lease, if a lease lasts more than 6 months, the tenant must pay an interest rate of 5 percent per year on the amount of a bond of more than $50 or monthly rent; depending on what is bigger.. .