2111.26 Lease for term of years. - Ohio Statutes

2111.26 Lease for term of years.

A guardian may lease the possession and use of the real estate of his ward or any part of it for a term of years, renewable or otherwise, by perpetual lease, with or without the privilege of purchase, or may lease upon such terms and for such time as the probate court approves any lands belonging to the ward containing coal, gypsum, petroleum oil, natural gas, gravel, stone, or any other mineral substance for the purpose of drilling, mining, or excavating for and removing any of such substances, or such guardian may modify or change in any respect any lease previously made.

Such lease, or modification or change in a lease previously made, may be made when the guardian of the person and estate or of the estate only applies to the court by which he was appointed and such court finds that the lease or modification or change is necessary for the support of the ward or of his family, for the payment of the just debts of the ward, for the ward’s education, if a minor, to secure the improvement of the real estate of the ward and increase the rent, to pay any liens or claims against said real estate, or if such court finds that such real estate is suffering unavoidable waste, or that in any other respect it will be for the best interests of the ward or those persons for whom the ward is required by law to provide.

Effective Date: 10-01-1953