Columbus, OH asked in Landlord - Tenant for Ohio

Q: I am selling my two-family home. Can I limit how much the buyer can charge in rent for my current tenants?

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1 Lawyer Answer
Joseph Jaap
Joseph Jaap
  • Landlord Tenant Lawyer
  • Cincinnati, OH
  • Licensed in Ohio

A: Before selling, the owner can draft a lease with the tenants that specifies the rent and the allowable rent increases. The lease could have auto-renewal at tenant's choice. If a lease could last longer than 3 years, the signatures of landlord and tenant must be notarized for the lease to be enforceable. Provide a copy of the lease to any buyer, so the terms of the lease would be binding on the buyer. The tenant could also record a memorandum of lease in the county recorder's office so that it applies to any subsequent owner. Use the Find a Lawyer tab to retain a local real estate attorney who can draft the terms of the lease and record a memorandum.

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