Month To Month Rental Agreement Ohio
First, a month-to-month rental agreement (also called a periodic tenancy agreement) is an agreement between a landlord and a tenant to rent an apartment from month to month instead of a set period. Month-to-month leases may arise from the beginning of the relationship between the landlord and the tenant, or they may also occur when the lease between the parties expires and the tenant remains in the property and the landlord continues to accept the rent. In fact, your rental agreement may stipulate that if you stay in the apartment after the end of the lease, the landlord will treat you as a month-to-month tenant (of course, you have to be careful because some rental agreements indicate that the landlord can treat you as the renewal of the entire lease). Ohio Revised Code Section 5321.17 covers terminations of these monthly to monthly rents and states in the corresponding section that the Ohio monthly lease is a particular type of contract that has no deadline and can be terminated by the landlord or tenant with at least thirty (30) days` notice. Despite the uniqueness of this type of tenancy, landlords and tenants will be required by the same eviction procedures that govern fixed-term tenancy agreements. Therefore, it is imperative that the landlord/administrator of the landlord ask the tenant for their personal information and income documentation with the rental application in order to reduce the likelihood of a future evacuation. After the landlord`s agreement, the lease agreement must be filled out with the information provided by both parties and signed for the approval of the contract. This means that 30 days` notice must be given from the periodic rental date, when you must pay your rent. Typically, it is the first of the month. Therefore, if the landlord gives the tenant on July 15 for termination, the thirty days do not start counting until August 1, and the tenant can stay in the apartment until August 30 (and must pay for the apartment). In Ohio, the type of form is preferred by those who rent properties that are inhabited for part of the year. As signing an annual contract would allow the owner not to live in the property, with a monthly lease, the owner can terminate the contract one (1) month before the date on which he wishes to live in the property. In addition, landlords who own or manage multiple rents will often rent one (1) or some of their units monthly to house tenants who only need housing for part of the year.
A monthly lease is an option that gives both parties a little more flexibility in the agreement.