Commercial Lease Laws in Ohio
Don't sign a lease in Ohio until you understand the local statutes, tax implications, and common landlord traps.
Key Statutes & Considerations
Ohio courts generally require landlords to make reasonable efforts to re-let the space if a tenant defaults, potentially reducing your liability.
Common Red Flags in Ohio
Commercial real estate in Ohio typically favors the landlord in standard lease drafts. Whether you are in Columbus or elsewhere, you need to watch out for:
- Uncapped NNN Charges: Variable costs like property taxes and insurance can skyrocket.
- Broad Indemnification: Clauses that require you to pay for the landlord's negligence.
- Relocation Clauses: Rights for the landlord to move your business to a worse location.
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Frequently Asked Questions
Is a Triple Net (NNN) lease legal in Ohio?
Yes, NNN leases are the industry standard for commercial retail and office space in Ohio. They shift the burden of property taxes, insurance, and maintenance to the tenant.
Can I negotiate my commercial lease in Ohio?
Absolutely. Unlike residential leases, commercial leases are presumed to be negotiated between equal parties. Never sign the first draft.