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S. B. No. 46 As IntroducedAs Introduced
128th General Assembly | Regular Session | 2009-2010 |
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A BILL
To enact section 5321.20 of the Revised Code to
prohibit requiring a tenant to vacate a foreclosed
residential property any earlier than ninety days
following a court's confirmation of the sale of
the property.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 5321.20 of the Revised Code be
enacted to read as follows:
Sec. 5321.20. (A) Except as otherwise provided in this
section, when a residential property is subject to a foreclosure
action, no person shall require a tenant of that property to
vacate any earlier than ninety days following the court's
confirmation of the sale pursuant to section 2329.31 of the
Revised Code. Any tenant who remains in a property following the
confirmation of the sale shall pay rent to the property's
successor in interest at the rate specified in the tenant's rental
agreement.
(B) Nothing in this section shall be construed to reduce the
term of any rental agreement. If a rental agreement survives a
foreclosure action and remains in effect for more than ninety days
following the sale of a foreclosed property, the tenant of that
property shall have all rights and obligations as set forth in
that agreement until the agreement expires in accordance with its
own terms or is terminated for cause.
(C) If a rental agreement expires pursuant to its own terms
during the ninety days following a court's confirmation of the
sale of a foreclosed property, the tenant of that property may be
required to vacate the property on the expiration date of that
rental agreement.
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