The Landlord-Tenant Relationship has four essential components. There is always a landlord, a tenant, residential property, and a lease or rental agreement.
The term rental agreement is defined by Ohio law in ORC 5321.01(D) as any agreement or lease establishing or modifying the terms, conditions, rules, regulations, or any other provisions regarding the use and occupancy of residential premises by any of the parties to it. The agreement to lease may be oral or in writing.
Generally, a written lease agreement is preferred. But oral agreements are still binding and give rights to the landlord and the tenant pursuant to the Ohio landlord/tenant act and Ohio common law. There are terms that are mandatory in a residential lease that the parties cannot contract around or exclude. Other terms can be agreed to by the parties as long as they are not unconscionable.
If you are a landlord needing assistance with residential leasing. You can call 513-421-8454 and speak to J. Thomas Hodges. We will be glad to assist you.