Ohio law sets clear rules on how much you can charge, when you must return it, and what happens if you don't. Here's what independent landlords need to know.
Ohio does not cap the security deposit amount for most residential rentals. You can charge whatever the market supports — typically one to two months' rent. However, if you charge more than one month's rent, you must pay interest on the amount above one month's rent if the tenancy lasts more than six months.
Ohio requires landlords to return the security deposit within 30 days of the tenant vacating the unit. Along with the return, you must include an itemized written statement of any deductions.
You can deduct for:
You cannot deduct for normal wear and tear — faded paint, minor scuffs, or carpet worn from regular use.
If you fail to return the deposit (or provide the itemized statement) within 30 days, Ohio law allows the tenant to sue for double the amount wrongfully withheld, plus attorney fees. This is one of the most common landlord-tenant disputes in Ohio courts.
This article is for informational purposes only and does not constitute legal advice. Consult a licensed Ohio attorney for guidance specific to your situation.