This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Ohio Provision Calculating the Rent Increase
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State:
Multi-State
Control #:
US-OL24017D
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Word;
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How to fill out Provision Calculating The Rent Increase?
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FAQ
In Ohio, landlords can raise the rent by any amount that they wish. There is no legal limit or cap on the amount of a rent increase.
There is no rent control in the state of Ohio. A landlord can raise the rent any amount as long as tenants are given notice before they sign the lease agreement or any renewal agreement. to the property beyond reasonable wear and tear.
The tenant should SEEK LEGAL ASSISTANCE to file a claim for rent reduction or for use of the money for repairs. A landlord cannot legally raise the rent, decrease his services or bring, or threaten to bring an eviction action against a tenant merely because of complaints.
If you have a month-to-month lease, neither you nor your landlord is obligated to keep your agreement for more than one month at a time. This means that you can move out on 30 days' notice, but it also means that your landlord can terminate your lease on 30 days' notice.
(A) No landlord of residential premises shall initiate any act, including termination of utilities or services, exclusion from the premises, or threat of any unlawful act, against a tenant, or a tenant whose right to possession has terminated, for the purpose of recovering possession of residential premises, other than ...
Year-Over-Year Change in Average Rent: 3-BR SFRs City/StateQ3 2022 Average RentYoY % ChangeCincinnati, OH$1,59917%Dayton, OH$1,2938%Columbus, OH$1,6668%Cleveland, OH$1,4002%1 more row
Tenants have the right to live in a unit that complies with state and local housing conditions. If there are any damages that affect health and safety conditions for the tenant, they may send a notice for repair to the landlord.
