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Ohio Revised Code Chapter 5313 - Land Installment Contracts
Section 5313.01 - Land Installment Contract Definitions.
As used in Chapter 5313. of the Revised Code: (A) "Land installment contract" means an executory agreement which by its terms is not required...
Section 5313.02 - Required Provisions Of Land Installment Contracts.
(A) Every land installment contract shall be executed in duplicate, and a copy of the contract shall be provided to the vendor and the...
Section 5313.03 - Biannual Statements Furnished To Vendee.
Every vendor under a land installment contract shall, at least once a year, or on demand of the vendee, but no more than twice...
Section 5313.04 - Vendee To Enforce Chapter Provisions.
Upon the failure of any vendor to comply with Chapter 5313. of the Revised Code, the vendee may enforce such provisions in a municipal...
Section 5313.05 - Default Of Vendee.
When the vendee of a land installment contract defaults in payment, forfeiture of the interest of the vendee under the contract may be enforced...
Section 5313.06 - Notice Of Forfeiture.
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...
Section 5313.07 - Proceeding For Foreclosure And Judicial Sale.
If the vendee of a land installment contract has paid in accordance with the terms of the contract for a period of five years...
Section 5313.08 - Action For Forfeiture And Restitution.
If the contract has been in effect for less than five years, in addition to any other remedies provided by law and after the...
Section 5313.09 - Instrument Of Cancellation Of Land Contract.
A judgment for the vendor shall operate to cancel the land installment contract as of a date to be specified by the court. The...
Section 5313.10 - Terminating Land Installment Contract Is Exclusive Remedy.
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...
Last modified: October 10, 2016