Ohio Installment Land Contract
Are you selling a home to a buyer and financing all or part of the purchase price through owner financing? Then you need this Ohio Installment Land Contract.
- An installment contract is also called a Contract for Deed, because at the end of the contract when the buyer has paid all of the amounts due under the contract, the seller transfers the title deed to the buyer.
- You can only use the land contract for selling a property that has a home built on it, or a mobile home which is attached to the property. You can't use this contract to sell bare land.
- If the buyer fails to keep up the payments or does not perform any of its other obligations, the seller can repossess the property and keep all payments made as liquidated damages.
- The template includes a Lead Paint Disclosure, as required by federal laws.
The Ohio Installment Land Contract is often used when selling property to a family member. Download your copy immediately after you purchase it.
Last Updated: 14-April-2016