Section 5321.10 | Release of Part of Rent.
Effective: November 4, 1974 Latest Legislation: Senate Bill 103 – 110th General Assembly (A) If a landlord brings an action for the release of rent deposited with a clerk of court, the court may, during the pendency of the action, upon application of the landlord, release part of the rent on deposit for payment of […]
Section 5313.08 | Action for Forfeiture and Restitution.
Effective: October 6, 1980 Latest Legislation: Senate Bill 312 – 113th General Assembly If the contract has been in effect for less than five years, in addition to any other remedies provided by law and after the expiration of the periods prescribed by sections 5313.05 and 5313.06 of the Revised Code, if the vendee is […]
Section 5313.09 | Instrument of Cancellation of Land Contract.
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly (A) A judgment for the vendor shall operate to cancel the land installment contract as of a date to be specified by the court. The clerk of the county or municipal court in which such judgment is rendered shall transmit an authenticated […]
Section 5313.10 | Terminating Land Installment Contract Is Exclusive Remedy.
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly The election of the vendor to terminate the land installment contract by an action under section 5313.07 or 5313.08 of the Revised Code is an exclusive remedy which bars further action on the contract unless the vendee has paid an amount less […]
Section 5315.01 | Definitions; Creation.
Effective: September 28, 2016 Latest Legislation: House Bill 303 – 131st General Assembly (A) As used in this chapter : (1) “Borrower” means the person who receives a l oan from a lender secured by a mortgage on real property to which the borrower holds legal title and who is an applicant of the D.O.L.L.A.R. […]
Section 5315.02 | Rules.
Effective: September 28, 2016 Latest Legislation: House Bill 303 – 131st General Assembly To assist in the establishment of the D.O.L.L.A.R. deed program, the Ohio housing finance agency shall adopt in rule all of the following: (A) A model form by which a person may apply to participate in the program; (B) A model for […]
Section 5315.03 | Application; Qualifications; Participation.
Effective: September 28, 2016 Latest Legislation: House Bill 303 – 131st General Assembly (A) An applicant to the D.O.L.L.A.R. deed program shall submit both of the following to the loss mitigation department of the lender of the mortgage that is in default: (1) An application form as set forth in section 5315.02 of the Revised […]
Section 5315.04 | Execution of Deed in Lieu of Foreclosure; Documents.
Effective: September 28, 2016 Latest Legislation: House Bill 303 – 131st General Assembly (A) If a lender approves a borrower applicant to the D.O.L.L.A.R. deed program, the borrower and lender shall execute all of the following: (1) A deed in lieu of foreclosure that transfers to the lender all of the borrower’s right, title, and […]
Section 5315.05 | Parties to Lease With Option to Purchase Agreement.
Effective: September 28, 2016 Latest Legislation: House Bill 303 – 131st General Assembly (A) A former borrower and a former lender who are party to a lease with option to purchase agreement under divisions (A)(2) and (3) of section 5315.04 of the Revised Code are governed by Chapter 5321. of the Revised Code. (1) The […]
Section 5321.01 | Landlord and Tenant Definitions.
Effective: September 23, 2022 Latest Legislation: House Bill 430 – 134th General Assembly As used in this chapter: (A) “Tenant” means a person entitled under a rental agreement to the use and occupancy of residential premises to the exclusion of others. (B) “Landlord” means the owner, lessor, or sublessor of residential premises, the agent of […]