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A land contract is an agreement between the owner of the property and the buyer that facilitates the sale of the property or vacant land without a traditional mortgage. Basically, the buyer and seller would work out the terms, like interest rate and payment schedule, and payments go directly to the owner or seller.

If the seller does not file the land contract in Ohio County Recorder's office within 20 days, the seller must do so for their protection. As described above, when entering a land contract, Ohio has specific requirements you must meet. Make sure you research these requirements and the property you are considering.

Each Buyer and Seller should have a fully signed copy of the contract. The original signed contract should be filed (or ?recorded?) in the official county land records.

A straightforward sale in which title to property is granted in exchange for immediate payment of the full purchase price. A land contract in which the total purchase price is paid in a large down payment followed by monthly payments, with legal title transferred upon payment in full.

Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to ...

Declaration of Consideration of Value (This is the monetary amount for which the property is sold. If the property is being transferred without monetary value, it must state in the declaration paragraph 'why' it is exempt from transfer tax.)