Transcription of Land Contract pwpt07.ppt - avoidforeclosureohio.org
{{id}} {{{paragraph}}}
Example: marketing
Land Contract pwpt07.ppt - avoidforeclosureohio.org
land CONTRACTSJoe Maskovyak, State Legal Services Buttles AvenueColumbus, OH 432151 Using the Law To Fight Poverty in OhioGenerally Creatures of Statute Chapter 5313 of governs Section -- Contains definitions of important terms2 Using the Law To Fight Poverty in OhioDefinitions (cont.) Agreement not required by its terms to be completed within one (1) year of signing Vendor agrees to convey title Vendee agrees to make installment payments Vendor retains title (as security)3 Using the Law To Fight Poverty in OhioDefinitions (cont.) Property = real property with a dwelling Vendor = seller Vendee = buyer Option Contract to purchase land Contract Says so right in the statute4 Using the Law To Fight Poverty in OhioDefinitions (cont.) land Contract is not: Lease with option to purchase Lease = landlord-tenant relationship Landlord-tenant law applies Chapter 5321 applies, not53135 Using the Law To Fight Poverty in OhioDefinitions (cont.)
• Option Contract to purchase ≠ Land Contract Says so right in the statute 4. Using the Law To Fight Poverty in Ohio Definitions (cont.) • Land contract is not: Lease with option to purchase ... Forfeiture • Occurs if default is more than 30 days
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
MICHIGAN COURT FORMS June, 2017, Forfeiture, Notice, Land Contract Forfeiture, Land contract, First American Land Contract, Contract, Installment Land Contract as Lease: Habitability, Michigan Land Contract Guide, Land, MICHIGAN REAL ESTATE FORMS TABLE, Of Mortgage Foreclosure and Contract for, Of Mortgage Foreclosure and Contract-for, STATE OF MICHIGAN COURT OF APPEALS