"Installment land contracts" or "land contracts" as they are usually called in Ohio, normally involve a seller promising to convey title to a piece of land at some point in the future in exchange for a buyer promising to make monthly payments during the intervening time. The piece of land must be in Ohio and must be improved by a dwelling. The seller retains title to the property as security for the buyer's obligation. In Ohio, land contracts are governed by Ohio Revised Code Chapter 5313. Land contracts are also sometimes referred to as "lease-purchase agreements".