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OH HB9
Bill
Status
5/6/2009
Primary Sponsor
Denise Driehaus
Click for details
AI Summary
HB 9 Summary
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Requires landlords to notify tenants within 60 days of a foreclosure action being filed and provide at least 21 days' notice before the foreclosure sale date.
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Mandates that any rental agreement for residential property sold through foreclosure automatically converts to a month-to-month agreement upon court confirmation of the sale.
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Requires landlords to include specified disclosure language in written rental agreements informing tenants about foreclosure notification obligations and the conversion to month-to-month terms.
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Obligates the previous owner to transfer all tenant security deposits to the new owner within 7 days after the foreclosure sale is confirmed, with the new owner becoming liable only for deposits actually received.
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Allows tenants to recover actual damages or one month's rent plus the security deposit amount plus attorney's fees if landlords fail to honor rental agreements or provide required foreclosure notices.
Legislative Description
To require that notice of foreclosure and related sale of residential rental property be given to tenants at that property and to specify that a rental agreement for a residential property that is sold pursuant to a foreclosure action converts to a month-to-month rental agreement.
Foreclosure-rental property-notify tenants/tenancy converts to month-to-month
Last Action
To Finance & Financial Institutions
5/7/2009