Ohio Code § 5313.01
Ohio Code § 5313.01. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5313.01.
As used in Chapter 5313. of the Revised Code: (A) “ Land installment contract ” means an executory agreement which by its terms is not required to be fully performed
by one or more of the parties to the agreement within one year of the date of the
agreement and under which the vendor agrees to convey title in real property located
in this state to the vendee and the vendee agrees to pay the purchase price in installment
payments, while the vendor retains title to the property as security for the vendee's
obligation. Option contracts for the purchase of real property are not land installment contracts. (B) “ Property ” means real property located in this state improved by virtue of a dwelling having
been erected on the real property. (C) “ Vendor ” means any individual, partnership, corporation, association, trust, or any other
group of individuals however organized making a sale of property by means of a land
installment contract. (D) “ Vendee ” means the person who acquires an interest in property pursuant to a land installment
contract, or any legal successor in interest to that person. (E) “ Legal description ” means a description of the property by metes and bounds or lot numbers of a recorded
plat including a description of any portion of the property subject to an easement
or reservation, if any.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5313.01
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 5313.01?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 5313.01 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 5313.01 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
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