Effective: October 6, 1980 Latest Legislation: Senate Bill 312 – 113th General Assembly As used in Chapter 5313. of the Revised Code: (A) “Land installment contract” means an executory agreement which by its terms is not required to be fully performed by one or more of the parties to the agreement within one year of […]
Effective: March 19, 1993 Latest Legislation: House Bill 473, House Bill 95 – 119th General Assembly (A) Every land installment contract shall be executed in duplicate, and a copy of the contract shall be provided to the vendor and the vendee. The contract shall contain at least the following provisions: (1) The full names and […]
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly Every vendor under a land installment contract shall, at least once a year or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following: (A) The amount credited to principal and […]
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly Upon the failure of any vendor to comply with Chapter 5313. of the Revised Code, the vendee may enforce such provisions in a municipal court, county court, or court of common pleas. Upon the determination of the court that the vendor has […]
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly When the vendee of a land installment contract defaults in payment, forfeiture of the interest of the vendee under the contract may be enforced only after the expiration of thirty days from the date of the default. A vendee in default may, […]
Effective: April 1, 1986 Latest Legislation: House Bill 344 – 116th General Assembly Following expiration of the period of time provided in section 5313.05 of the Revised Code, forfeiture of the interest of a vendee in default under a land installment contract shall be initiated by the vendor or by his successor in interest, by […]
Effective: November 25, 1969 Latest Legislation: Senate Bill 156 – 108th General Assembly If the vendee of a land installment contract has paid in accordance with the terms of the contract for a period of five years or more from the date of the first payment or has paid toward the purchase price a total […]
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 […]
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 […]
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 […]
