Interest on qualifying excess
5% per year
The portion above the greater of $50 or one month’s periodic rent bears 5% annual interest when the tenant remains in possession for six months or more, computed and paid annually.
- The interest threshold is not presented as a statewide security-deposit cap.
Open primary-source trail
“bear interest on the excess at the rate of five per cent per annum”
§ 5321.16(A)
- Authority
- Ohio Laws
- Human verified
- Source checked
- Confidence
- High — direct statute text