Ohio § 5313.01
Full text of Ohio Ohio Revised Code § 5313.01, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Ohio § 5313.01
What does Ohio Revised Code § 5313.01 cover?
Section 5313.01 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5313.01?
A common citation format is "Ohio Revised Code § 5313.01" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5313.01 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.