Property Management
In Ohio, a landlord must give a tenant at least how much notice before increasing the rent on a month-to-month residential lease?
A14 days
B30 days✓ Correct
C45 days
D60 days
Explanation
In Ohio, a landlord must give at least 30 days' written notice before changing the terms of a month-to-month tenancy, including a rent increase.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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