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Landlord Tenant Closing Statement to Reconcile Security Deposit - Ohio 2025

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The document is a Landlord Tenant Closing Statement that outlines the financial transactions between a landlord and tenant at the end of a lease. It includes details such as the landlord's name, tenant information, security deposit amounts, cleaning charges, unpaid rent, and final amounts due to both parties. The document also provides space for signatures and comments.

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Does my landlord have to pay me interest on my security deposit in Ohio?

Return of Deposit and Interest Ohio law states that if the security deposit is more than $50 or one months rent, whichever is greater, interest is due to the tenant on the excess amount at the rate of 5% per annum as long as the tenant remains in possession of the premises for at least six months.

Do landlords have to pay interest on security deposits in Ohio?

However, Ohio landlords must pay interest on security deposits for renters who reside on a rental property for at least six months if they demand security deposits that are larger than $50 or a single months rent (whichever one is greater).

Are nail holes normal wear and tear in Ohio?

What is considered normal wear and tear in a rental in Ohio? Normal wear and tear refers to the expected decline in condition that occurs naturally through standard occupancy and use. Minor scuffs, nail holes, faded paint and worn carpet would be considered normal wear and tear in Ohio.

Can my landlord charge me more than my security deposit for repairs?

Yes, if you cause damages to the property the landlord can charge you for the full cost of the repairs. The first step the landlord will take is of course withholding your security deposit, this will be followed by billing you for the additional costs.

What can a landlord charge for when you move out in Ohio?

A landlord can require a security deposit of any amount when you move in. If the landlord keeps the deposit for six months, you must be paid interest on the part of your deposit that is more than one months rent. The landlord may keep your deposit when you move out for any unpaid rent or for damages done to the home.

Can a landlord charge you for cleaning after you move out in Ohio?

Landlords may charge tenants for any cleaning or repairs necessary to restore the rental unit to its condition at the beginning of the tenancy. Landlords may not, however, use the tenants security deposit to cover the costs of ordinary wear and tear.

What is the Ohio Revised Code for landlord tenant security deposit?

Section 5321.16 | Procedures for security deposits. Any deduction from the security deposit shall be itemized and identified by the landlord in a written notice delivered to the tenant together with the amount due, within thirty days after termination of the rental agreement and delivery of possession.

How long can a landlord hold a security deposit in Ohio?

In Ohio, landlords have 30 days from the termination of the lease or the vacation of the property to refund the security deposit. Moreover, in cases where the tenants security deposit has been used for any purpose, the landlord is required to give the renter written notice and an itemized record of all the charges.

Landlord Tenant Closing Statement to Reconcile Security Deposit - Ohio 2025

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Does my landlord have to pay me interest on my security deposit in Ohio?

Do landlords have to pay interest on security deposits in Ohio?

Are nail holes normal wear and tear in Ohio?

Can my landlord charge me more than my security deposit for repairs?

What can a landlord charge for when you move out in Ohio?

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People also ask

Can a landlord charge you for cleaning after you move out in Ohio?

What is the Ohio Revised Code for landlord tenant security deposit?

How long can a landlord hold a security deposit in Ohio?

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Landlord Tenant Closing Statement to Reconcile Security Deposit - Ohio 2025

Here's how it works

The best way to edit Landlord Tenant Closing Statement to Reconcile Security Deposit - Ohio online

Complete this form in 5 minutes or less

Got questions?

Does my landlord have to pay me interest on my security deposit in Ohio?

Do landlords have to pay interest on security deposits in Ohio?

Are nail holes normal wear and tear in Ohio?

Can my landlord charge me more than my security deposit for repairs?

What can a landlord charge for when you move out in Ohio?

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People also ask

Can a landlord charge you for cleaning after you move out in Ohio?

What is the Ohio Revised Code for landlord tenant security deposit?

How long can a landlord hold a security deposit in Ohio?

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