Ohio landlord-tenant law
Security deposits, late fees and notice periods for Ohio landlords, in plain English, with a link to the statute for each rule.
Security deposit limit
No statutory limit. Deposits over $50 or one month's rent (whichever is greater) earn 5% annual interest if the tenant stays 6+ months.
Deposit return deadline
30 days after termination and delivery of possession, with an itemized list. Wrongful withholding: the amount withheld plus an equal amount in damages and attorney's fees.
Late fees
No statutory cap; must be in the lease and reasonable.
Notice for unpaid rent
3-day notice to leave the premises.
Ending a month-to-month lease
30 days before the end of a monthly period.
Rent increases
No state rent control. Follow the lease.
Sources
- Ohio Rev. Code § 5321.16 (deposits)
- Ohio Rev. Code § 1923.04 (3-day notice)
- Ohio Rev. Code § 5321.17 (ending tenancies)
Tools for Ohio landlords
Rent increase calculator
New rent plus Ohio notice rules.
Prorated rent
Partial-month rent for move-ins and move-outs.
Rental property calculator
Cash flow, cap rate and cash-on-cash return.
Ohio housing market
Typical home $246K, median city rent $1,422/mo.
Cincinnati, OH
$306K home$1,522 rent6.0% yield
▲ 2.2% 1 yr
Columbus, OH
$327K home$1,525 rent5.6% yield
▲ 1.3% 1 yr
Cleveland, OH
$250K home$1,440 rent6.9% yield
▲ 3.9% 1 yr
Akron, OH
$240K home$1,306 rent6.5% yield
▲ 4.0% 1 yr
Toledo, OH
$202K home$1,264 rent7.5% yield
▲ 3.3% 1 yr
Youngstown, OH
$175K home$1,047 rent7.2% yield
▲ 4.8% 1 yr
Canton, OH
$218K home$1,141 rent6.3% yield
▲ 4.5% 1 yr
Huntington, WV
$166K home$1,086 rent7.8% yield
▲ 1.5% 1 yr
General information, not legal advice. Laws change, and cities and counties can add their own rules. Check the statute or a local attorney before acting.