Ohio security deposit rules

Ohio sets no statutory limit on the size of a security deposit. The deposit must be returned itemized deductions and refund within 30 days after termination of the rental agreement and delivery of possession; tenant must provide a forwarding address in writing, with an itemised list of any deductions. Ohio is one of the states that requires interest on the deposit.

Maximum deposit
No limit
No statutory limit
Return deadline
30 days
Itemized deductions and refund within 30 days after termination of the rental agreement and delivery of possession; tenant must provide a forwarding address in writing
Interest
Required
Statute

What the law requires

Ohio Rev. Code § 5321.16

No statutory limit. Returned Itemized deductions and refund within 30 days after termination of the rental agreement and delivery of possession; tenant must provide a forwarding address in writing. Interest is required only on the portion of a deposit exceeding the greater of $50 or one month's rent, at 5% per year, if the tenant stays six months or more; computed and paid annually. Wrongful withholding: damages equal to the amount withheld plus attorney fees. Text read via Wayback Machine copy of codes.ohio.gov.

Move-out checklist

Related Ohio rules

Frequently asked questions

How much can a landlord charge for a security deposit in Ohio?

There is no statutory cap in Ohio; the market and the lease decide. Interest is required only on the portion of a deposit exceeding the greater of $50 or one month's rent, at 5% per year, if the tenant stays six months or more; computed and paid annually. Wrongful withholding: damages equal to the amount withheld plus attorney fees. Text read via Wayback Machine copy of codes.ohio.gov.

How long does a landlord have to return a security deposit in Ohio?

Itemized deductions and refund within 30 days after termination of the rental agreement and delivery of possession; tenant must provide a forwarding address in writing. The statute is Ohio Rev. Code § 5321.16.

Does a Ohio landlord have to pay interest on the security deposit?

Yes, in the circumstances set out in Ohio Rev. Code § 5321.16. See the Ohio deposit interest calculator for the rate and the rules.

Deposit rules in other states