An Ohio land contract is a purchase agreement between two parties when transferring ownership of vacant land. Land contracts are complicated.It is recommended that both buyer and seller seek legal representation before signing such a contract. Seller shall pay or credit at closing: (a) all delinquent taxes, including penalty and interest;. Customize the agreement: Fill in the template with specific details of the transaction. Sell, through the Broker referred to below, the premises located in the State of Ohio, County of. Four (4) essential elements ensure your agreement is valid and legally binding. An Ohio purchase agreement establishes the terms and conditions of a real estate transaction. Yes, a land contract (Ohio-based and in other states) must be recorded shortly after the agreement is executed. Considering the use of a Land Contract for buying or selling property in the Greater Cincinnati, Ohio area?