Property Management
In Ohio, which of the following is a landlord's right under ORC Chapter 5321?
AThe right to enter the unit at any time without notice
BThe right to enter with at least 24 hours' notice for non-emergency inspections or maintenance✓ Correct
CThe right to increase rent during a fixed-term lease without consent
DThe right to withhold security deposits for normal wear and tear
Explanation
Under ORC 5321.04, a landlord may enter a tenant's unit for inspections or maintenance with at least 24 hours' advance notice (except in emergencies).
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA 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.
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