Ohio
For Ohio, interest required is Yes; rate or how it's set is interest on the excess at the rate of five per cent per annum; condition that triggers the duty is Only on the part of the deposit above $50 or one month's periodic rent, whichever is greater, and only if the tenant remains in possession for six months or more; citation is Ohio Rev. Code § 5321.16(A), recorded from its source on 2026-09-02.
- Jurisdiction
- Ohio our reading
- Interest required
- Yes our reading
- Rate or how it's set
- interest on the excess at the rate of five per cent per annum verified
- Condition that triggers the duty
- Only on the part of the deposit above $50 or one month's periodic rent, whichever is greater, and only if the tenant remains in possession for six months or more our reading
- Citation
- Ohio Rev. Code § 5321.16(A) our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
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 tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant.
— codes.ohio.gov, retrieved 2026-09-02
Source
- codes.ohio.govhttps://codes.ohio.gov/ohio-revised-code/section-5321.16