Ohio § 5321.16
Full text of Ohio Ohio Revised Code § 5321.16, with citation guidance and answers to common questions.
§ 5321.16.
(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever
is greater, shall bear interest on the excess at the rate of five per cent per annum
if the tenant remains in possession of the premises for six months or more, and shall
be computed and paid annually by the landlord to the tenant. (B) Upon termination of the rental agreement any property or money held by the landlord
as a security deposit may be applied to the payment of past due rent and to the payment
of the amount of damages that the landlord has suffered by reason of the tenant's
noncompliance with section 5321.05 of the Revised Code or the rental agreement. Any deduction from the security deposit shall be itemized and identified by the
landlord in a written notice delivered to the tenant together with the amount due,
within thirty days after termination of the rental agreement and delivery of possession. The tenant shall provide the landlord in writing with a forwarding address or new
address to which the written notice and amount due from the landlord may be sent. If the tenant fails to provide the landlord with the forwarding or new address as
required, the tenant shall not be entitled to damages or attorneys fees under division
(C) of this section. (C) If the landlord fails to comply with division (B) of this section, the tenant may
recover the property and money due him, together with damages in an amount equal to
the amount wrongfully withheld, and reasonable attorneys fees.
Frequently Asked Questions About Ohio § 5321.16
What does Ohio Revised Code § 5321.16 cover?
Section 5321.16 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 § 5321.16?
A common citation format is "Ohio Revised Code § 5321.16" (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 § 5321.16 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.