An Ohio Standard One (1) Year Lease is, as the name implies, a standard lease to rent a property for one year. The terms and conditions must be negotiated at the beginning of the lease and cannot be altered or renegotiated until the lease has ended, unless the lease provides for it. When the lease has ended both parties will have the option to renew.
One Year Leases are the most common of the all long term leases, and thus will usually be fairly straightforward in their language and clauses. A One Year Lease should still be read carefully, as if the tenant is forced to break the lease, they may be financially responsible for the property until the landlord finds a new tenant.
Similarly, a landlord should know as much as possible about their tenant before signing a One Year lease. The eviction process can often be long and complex for a long term tenant. A Rental Application Form should be standard before signing a One Year Lease.
- Ohio State Law requires that a landlord disclose the name and address of the owner of the property. If the owner is acting through an agent, the name and address of the agent must also be disclosed.
- Federal law requires that the landlord disclose the presence of any lead paint based hazards in or around the property.