Property Management
Under ORC Chapter 5321, a landlord who retaliates against a tenant for a complaint to housing authorities by raising rent may be held liable for:
ANo liability because landlords can raise rent as market conditions allow
BRetaliatory eviction or rent increase violations, which are illegal under Ohio law✓ Correct
COnly a verbal warning from the local housing authority
DA $50 fine per incident
Explanation
Ohio law prohibits retaliatory acts by landlords against tenants who exercise their legal rights, such as reporting housing code violations. Retaliatory rent increases or evictions are illegal.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
Math Concepts
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