Ohio Rev. Code § 4781 § 4781.50

Security deposit.

In Force
Verified 10/26/2026 · Next check 11/2/2026
effective 9/10/2012OhioHolding & Interest Requirements

Operative Text

Ohio Rev. Code § 4781 § 4781.50
(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.
Source: Legislative text reproduced verbatim
Plain English

Ohio Rev. Code § 4781.50 governs security deposits in manufactured home park tenancies. When a deposit exceeds fifty dollars or one month's rent (whichever is greater), the park operator must pay the resident five percent annual interest on the excess amount, calculated and paid each year the resident stays six months or more. After the rental agreement ends, the operator has thirty days to return the deposit or provide an itemized written statement of any deductions for unpaid rent or damages, along with any remaining balance owed to the resident. A resident who fails to supply a written forwarding address forfeits the right to double damages and attorney's fees if the operator does not comply.

Written by anthropic/claude-sonnet-4.6 · Reviewed on October 9, 2026

Plain English — not legal advice.

For Property Managers

Under Ohio Rev. Code § 4781.50, compliant park operators track whether a resident's deposit exceeds the statutory threshold and, if so, calculate and pay five percent annual interest on the excess each year the resident remains for at least six months. When a tenancy ends, operators document any deductions for past-due rent or lease-related damages in a written, itemized notice delivered to the resident—along with any balance owed—within thirty days of both the agreement's termination and the resident's delivery of possession. Maintaining clear records of deposit amounts, interest payments, and deduction calculations supports compliance with the itemization and timing requirements of this section.

General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.

For Tenants

Ohio Rev. Code § 4781.50 gives manufactured home park residents the right to receive annual interest at five percent on the portion of their security deposit that exceeds fifty dollars or one month's rent, provided they have lived in the park for at least six months. After moving out, residents are entitled to an itemized written accounting of any deductions and the return of any remaining deposit within thirty days, which is why providing the park operator with a written forwarding address is an important step under this section. If an operator wrongfully withholds deposit funds without proper itemization, the law allows a resident to pursue recovery of the withheld amount, an equal amount in damages, and reasonable attorney's fees—tenant-rights organizations or legal aid offices can help residents understand how to pursue these remedies.

General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.

Generated October 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.

Effective Timeline

Current
Sep 10, 2012
Click on timeline segments to view historical versions.

References Out

Rules and statutes cited by this regulation

Ohio Rev. Code § 4781.39
Not yet ingested

References In

No inbound references recorded yet for this provision.

Related Rules

§ 5-12-080
Security deposits
§ 13.76.070
Security deposits
§ 151.06.02
PAYMENT OF INTEREST ON SECURITY DEPOSITS

Source Information

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