Ohio § 1351.05
Full text of Ohio Ohio Revised Code § 1351.05, with citation guidance and answers to common questions.
§ 1351.05.
(A) A lessee who fails to make timely lease payments has the right to reinstate the original
lease-purchase agreement without losing any rights or options previously acquired
under the lease-purchase agreement within three lease terms after the expiration of
the last lease term for which the lessee made a timely payment if the lessee surrenders
the leased property to the lessor when the lessor or its agent requests him to surrender
the leased property. (B) Before reinstating a lease-purchase agreement, a lessor may require a lessee to pay
any unpaid lease payments, delinquency charges, a reasonable reinstatement fee of
not more than five dollars, and a delivery charge if redelivery of the leased property
is necessary. (C) If reinstatement occurs pursuant to this section, the lessor shall provide the lessee
with either the same property leased by the lessee prior to reinstatement or substitute
property that is of comparable quality and condition. If substitute property is provided, the lessor shall provide the lessee with all
of the disclosures required by section 1351.02 of the Revised Code . (D) A lessee who fails to make a timely lease payment shall, before such lessee is determined
to be in default, be allowed a grace period of not less than two days if payments
are made in weekly installments and not less than five days if payments are made in
monthly installments; however, no lessee shall be entitled to more than three such
monthly grace periods per year.
Frequently Asked Questions About Ohio § 1351.05
What does Ohio Revised Code § 1351.05 cover?
Section 1351.05 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1351.05?
A common citation format is "Ohio Revised Code § 1351.05" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1351.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.