Ohio Revised Code
Chapter 4781 | Manufactured Homes
Section 4781.50 | Security Deposit.

Effective: September 10, 2012
Latest Legislation: House Bill 487 - 129th General Assembly
(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 resident remains in possession of the premises for six months or more, and shall be computed and paid annually by the park operator to the resident.
(B) Upon termination of the rental agreement any property or money held by the park operator 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 park operator has suffered by reason of the resident's noncompliance with section 4781.39 of the Revised Code or the rental agreement. Any deduction from the security deposit shall be itemized and identified by the park operator in a written notice delivered to the resident together with the amount due, within thirty days after termination of the rental agreement and delivery of possession. The resident shall provide the park operator in writing with a forwarding address or new address to which the written notice and amount due from the park operator may be sent. If the resident fails to provide the park operator with the forwarding or new address as required, the resident shall not be entitled to damages or attorneys' fees under division (C) of this section.
(C) If the park operator fails to comply with division (B) of this section, the resident may recover the property and money due the resident, together with damages in an amount equal to the amount wrongfully withheld, and reasonable attorneys' fees.

Structure Ohio Revised Code

Ohio Revised Code

Title 47 | Occupations-Professions

Chapter 4781 | Manufactured Homes

Section 4781.01 | Manufactured Homes Definitions.

Section 4781.011 | References to Department or Director.

Section 4781.02 | Manufactured Homes Advisory Council.

Section 4781.04 | Adoption of Rules.

Section 4781.06 | Delegation of Powers - Contracts.

Section 4781.07 | Certification of Local Authorities to Exercise Division Authority.

Section 4781.08 | Manufactured Housing Installer License.

Section 4781.09 | Suspending, Revoking, or Refusing to Renew the License.

Section 4781.10 | Programs and Requirements for Continuing Education.

Section 4781.11 | License Required for Installation.

Section 4781.12 | Injunctions.

Section 4781.121 | Investigation of Violations; Hearings; Penalties.

Section 4781.14 | Exclusivity of Authority.

Section 4781.15 | Remedies Not Exclusive.

Section 4781.16 | Display, Sale, Purchase, or Brokerage of Manufactured or Mobile Homes.

Section 4781.17 | Manufactured Housing Dealer's or Broker's Licenses.

Section 4781.18 | Cause for License Denial.

Section 4781.19 | Issuance and Replacement of Licenses.

Section 4781.20 | Confidentiality of License Applications.

Section 4781.21 | License Suspension of Revocation.

Section 4781.22 | Prohibited Actions.

Section 4781.23 | Notification Requirements.

Section 4781.24 | Manufactured or Mobile Home - Sales Contracts.

Section 4781.25 | Rules and Regulations for Manufactured Housing Brokers.

Section 4781.26 | Rules of Uniform Application for Manufactured Home Parks; Contracts for Inspections.

Section 4781.27 | License to Operate Park.

Section 4781.28 | Fees.

Section 4781.281 | Inspector Certification Fees.

Section 4781.29 | License - Refusal to Grant, Suspension, Revocation.

Section 4781.30 | Rights of Operators.

Section 4781.301 | Fees in Lieu of License and Inspection Fees.

Section 4781.31 | Submitting Development Plans to Division.

Section 4781.32 | Permit for Developing in Flood Plain.

Section 4781.33 | Notice of Flood Event Affecting Manufactured Home Park.

Section 4781.34 | Owner to Repair Home Substantially Damaged.

Section 4781.35 | Prosecuting Violations.

Section 4781.36 | Whistleblower Protection.

Section 4781.37 | Action for Possession of the Premises.

Section 4781.38 | Obligations of Park Operator.

Section 4781.39 | Obligations of Resident.

Section 4781.40 | Rental Agreement.

Section 4781.41 | Effect of Operator's Noncompliance With Rental Agreement or Statutes.

Section 4781.42 | Rent Deposits.

Section 4781.43 | Applying for Release of Rent.

Section 4781.44 | Partial Release of Rent Before Trial.

Section 4781.45 | Notification of Violation of Rules to Resident.

Section 4781.46 | Recovering Damages.

Section 4781.47 | Rental Agreement Terms.

Section 4781.48 | Unconscionability.

Section 4781.49 | Limits on Operator's Right to Recover Possession of Premises.

Section 4781.50 | Security Deposit.

Section 4781.51 | Information to Be Contained in Rental Agreement.

Section 4781.52 | Conflicting Ordinances Preempted.

Section 4781.54 | Manufactured Homes Regulatory Fund.

Section 4781.56 | Abatement or Removal of Abandoned Homes or Vehicles.

Section 4781.57 | Duty of Park Operator to Ensure Homes and Facilities Properly Maintained.

Section 4781.99 | Penalties.