130th Ohio General Assembly
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S. B. No. 295  As Introduced
As Introduced

127th General Assembly
Regular Session
2007-2008
S. B. No. 295


Senator Miller, D. 

Cosponsors: Senators Roberts, Miller, R., Morano, Smith 



A BILL
To enact section 5321.20 of the Revised Code to provide that a rental agreement does not terminate upon the foreclosure of the landlord's mortgage.

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. The foreclosure of a landlord's mortgage does not, through the operation of law, terminate a rental agreement with respect to the property that is the subject of the foreclosure action. Any successor in interest to a property pursuant to a foreclosure action shall assume that property interest subject to any rental agreement. After a foreclosure, any rental agreement remains in effect between the tenant and the successor in interest to the foreclosed property until the agreement expires in accordance with its terms or is terminated due to the occurrence of a condition specified in the agreement.
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