Disclaimer
The content provided is intended solely as a general example for informational purposes related to property agreements within the United States, specifically involving land transactions in Ohio. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please be advised: The following is a sample Land Contract document for Ohio, US, intended for illustrative purposes only. Actual terms and conditions may vary based on specific agreements and legal requirements.
Sample Land Contract Ohio, US
Parties Involved:
Seller: John Doe
Address: 123 Maple Avenue, Columbus, OH 43215
Buyer: Jane Smith
Address: 456 Pine Street, Columbus, OH 43217
Property Description:
The property subject to this agreement is located at 789 Oak Drive, Columbus, OH 43218, including all improvements and fixtures as specified herein.
Purchase Price and Payment Terms:
The total purchase price shall be $150,000, payable in accordance with the installment schedule outlined in this contract, with a deposit of $15,000 due upon signing.
Land Contract Terms:
The Seller agrees to finance the purchase through a land installment contract, with the Buyer making monthly payments over a period of 15 years, until the total amount is paid in full, including interest as specified.
Party Responsibilities:
Seller shall transfer clear title upon full payment, and Buyer shall maintain the property, pay property taxes, and comply with all applicable Ohio laws during the term of the contract.
Governing Law:
This agreement shall be governed by the laws of the State of Ohio. Any disputes shall be resolved in the courts located within Franklin County, Ohio.
Additional Provisions:
- The Buyer agrees to perform all obligations as per this agreement.
- Amendments must be made in writing and signed by both parties.
- Failure to adhere to payment schedule may result in forfeiture of rights and foreclosure proceedings.
Columbus, Ohio, ______________________
John Doe (Seller)
Jane Smith (Buyer)