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To enact section 5321.20 of the Revised Code to | 1 |
require that notice of foreclosure and related | 2 |
sale of residential rental property be given to | 3 |
tenants at that property and to specify that a | 4 |
rental agreement for a residential property that | 5 |
is sold pursuant to a foreclosure action converts | 6 |
to a month-to-month rental agreement. | 7 |
Section 1. That section 5321.20 of the Revised Code be | 8 |
enacted to read as follows: | 9 |
Sec. 5321.20. (A) Any rental agreement for a residential | 10 |
property that is the subject of a foreclosure action shall | 11 |
convert to a month-to-month rental agreement upon the approval | 12 |
of a sale at auction by a court pursuant to section 2329.31 of | 13 |
the Revised Code. | 14 |
(B)(1) Any landlord of a residential property that is the | 15 |
subject of a foreclosure action shall provide each tenant at that | 16 |
property with written notice of the foreclosure action. The notice | 17 |
shall include a statement in substantially the following form: | 18 |
"This property is undergoing foreclosure. For more | 19 |
information on this action, you should contact the ..........(your | 20 |
county) Clerk of Courts for the Court of Common Pleas, | 21 |
..........(address), at ..........(phone number). | 22 |
A sale at auction may or may not occur as a result of this | 23 |
foreclosure. Currently, [the sale of this property has been set | 24 |
for ..........(time, date, and place)] or [no date for sale of | 25 |
this property has been established]. You will receive written | 26 |
notice of the sale at least twenty-one days before it takes | 27 |
place. | 28 |
If there is a sale of this property at auction, your current | 29 |
rental agreement will convert to a month-to-month rental agreement | 30 |
upon the sale of the property. | 31 |
Note: With a month-to-month rental agreement, either the | 32 |
tenant or the landlord may terminate the agreement by providing | 33 |
written notice of termination to the other at least thirty days | 34 |
prior to a date on which the rent payment normally is due. The | 35 |
rental agreement then terminates on that date." | 36 |
(2) If the rental agreement is entered into before the | 37 |
foreclosure action is initiated, the landlord shall provide the | 38 |
written notice of foreclosure within thirty days after the | 39 |
foreclosure action is filed. If the rental agreement is entered | 40 |
into after the foreclosure action is initiated, the landlord shall | 41 |
include the written notice of foreclosure in the rental agreement. | 42 |
(C) Any landlord of a residential property that is the | 43 |
subject of a foreclosure action shall provide each tenant at that | 44 |
property with written notice of the date, time, and place of the | 45 |
sale of the foreclosed property at least twenty-one days before | 46 |
the date of the sale at auction. | 47 |
(D) In addition to any other remedy under law, a tenant may | 48 |
recover the greater of actual damages or one month's rent plus the | 49 |
security deposit amount and reasonable attorney's fees, obtain | 50 |
injunctive relief to enforce the rental agreement, or both, if a | 51 |
landlord or a successor in interest does either of the following: | 52 |
(1) Fails to honor a rental agreement as division (A) of this | 53 |
section requires; | 54 |
(2) Fails to provide the written notices that divisions (B) | 55 |
and (C) of this section require. | 56 |
(E) The rights and remedies provided for in this section are | 57 |
in addition to, and do not preempt, any other rights and remedies | 58 |
that a tenant may be entitled to under this chapter. | 59 |