|
|
| To enact section 5321.20 of the Revised Code to | 1 |
| prohibit requiring a tenant to vacate a foreclosed | 2 |
| residential property any earlier than ninety days | 3 |
| following a court's confirmation of the sale of | 4 |
| the property. | 5 |
| Section 1. That section 5321.20 of the Revised Code be | 6 |
| enacted to read as follows: | 7 |
| Sec. 5321.20. (A) Except as otherwise provided in this | 8 |
| section, when a residential property is subject to a foreclosure | 9 |
| action, no person shall require a tenant of that property to | 10 |
| vacate any earlier than ninety days following the court's | 11 |
| confirmation of the sale pursuant to section 2329.31 of the | 12 |
| Revised Code. Any tenant who remains in a property following the | 13 |
| confirmation of the sale shall pay rent to the property's | 14 |
| successor in interest at the rate specified in the tenant's rental | 15 |
| agreement. | 16 |
| (B) Nothing in this section shall be construed to reduce the | 17 |
| term of any rental agreement. If a rental agreement survives a | 18 |
| foreclosure action and remains in effect for more than ninety days | 19 |
| following the sale of a foreclosed property, the tenant of that | 20 |
| property shall have all rights and obligations as set forth in | 21 |
| that agreement until the agreement expires in accordance with its | 22 |
| own terms or is terminated for cause. | 23 |
| (C) If a rental agreement expires pursuant to its own terms | 24 |
| during the ninety days following a court's confirmation of the | 25 |
| sale of a foreclosed property, the tenant of that property may be | 26 |
| required to vacate the property on the expiration date of that | 27 |
| rental agreement. | 28 |