This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Ohio Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
If you have a month-to-month lease, neither you nor your landlord is obligated to keep your agreement for more than one month at a time. This means that you can move out on 30 days' notice, but it also means that your landlord can terminate your lease on 30 days' notice.
There is no rent control in the state of Ohio. A landlord can raise the rent any amount as long as tenants are given notice before they sign the lease agreement or any renewal agreement.
The tenant should SEEK LEGAL ASSISTANCE to file a claim for rent reduction or for use of the money for repairs. A landlord cannot legally raise the rent, decrease his services or bring, or threaten to bring an eviction action against a tenant merely because of complaints.
Year-Over-Year Change in Average Rent: 3-BR SFRs City/StateQ3 2022 Average RentYoY % ChangeCincinnati, OH$1,59917%Dayton, OH$1,2938%Columbus, OH$1,6668%Cleveland, OH$1,4002%1 more row
There is no rent control in the state of Ohio. A landlord can raise the rent any amount as long as tenants are given notice before they sign the lease agreement or any renewal agreement. to the property beyond reasonable wear and tear.
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 month's rent (whichever one is greater).
(A) No landlord of residential premises shall initiate any act, including termination of utilities or services, exclusion from the premises, or threat of any unlawful act, against a tenant, or a tenant whose right to possession has terminated, for the purpose of recovering possession of residential premises, other than ...
