For many, building a home is a dream come true. But many don’t realize some potential hidden costs of building. When building outside a city, one of these costs is drilling a well. Some homebuilders choose to save money by tapping into a neighbor’s well.
LLCs, or “Limited liability companies” are often organized from small, informal family businesses. They are businesses that are established to be separate from their owners.
Ohio rental laws are very strict, and generally very protective of tenants. This is the reason security deposits are often required.
A landlord can legally request a security deposit of any size. However, if the tenant stays for more than six months, interest must be paid on any amount that is higher than one month’s rent.
Crop yields in recent years have made farmland leases a necessity for a responsible farmer. While these leases should be in writing, some states (including Ohio) accept verbal leases.
When a lease isn’t in writing and on record at the county courthouse, people other than the tenant and landlord may not be required to honor the lease.
There is also an Ohio law that requires any farmland leases longer than three years to be notarized and recorded at the county courthouse.