Official-source record · OH

Ohio security deposit law

Structured limits, deadlines, and accounting rules from the official statute. Exceptions and source locators remain attached to each value.

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Record 01 Human checked

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.

Scope notes
  • The interest threshold is not presented as a statewide security-deposit cap.
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Source excerpt
“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
Read the official source
Record 02 Human checked

Return and itemization deadline

30 days

The section requires identified, itemized deductions and the amount due within 30 days after both termination of the rental agreement and delivery of possession.

Scope notes
  • The tenant is directed to provide a forwarding or new address in writing; failure affects the damages and attorney-fee remedy described in subsection C.
Open primary-source trail
Source excerpt
“within thirty days after termination … and delivery of possession”

§ 5321.16(B)–(C)

Authority
Ohio Laws
Human verified
Source checked
Confidence
High — direct statute text
Read the official source

Primary evidence

Source register

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01

Ohio Revised Code section 5321.16

Ohio Laws · Ohio Rev. Code § 5321.16(A)–(B)

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