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"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 complicated. It is recommended that a lawyer be consulted before signing a land contract.
Books at the Franklin County Law Library
Anderson's Ohio Residential Real Estate Manual by
Call Number: KFO 126 .W55
Also available on Lexis from the Franklin County Law Library public computers.
Ohio Real Estate Law by
Call Number: KFO 112 .035
Ohio Real Estate Law Handbook
Call Number: KFO 112. A73
Anderson's Ohio Code Handbook Series. Also available as an ebook for Central Ohio attorneys with a FCLL Library card.
Ohio Real Property Law and Practice by
Call Number: KFO 112 .C87
Also available as an ebook for Central Ohio attorneys with a FCLL Library card and from Lexis on the Franklin County Law Library public computers.