Ohio § 5313.07
Full text of Ohio Ohio Revised Code § 5313.07, with citation guidance and answers to common questions.
§ 5313.07.
If the vendee of a land installment contract has paid in accordance with the terms
of the contract for a period of five years or more from the date of the first payment
or has paid toward the purchase price a total sum equal to or in excess of twenty
per cent thereof, the vendor may recover possession of his property only by use of
a proceeding for foreclosure and judicial sale of the foreclosed property as provided
in section 2323.07 of the Revised Code . Such action may be commenced after expiration of the period of time prescribed by sections 5313.05 and 5313.06 of the Revised Code . In such an action, as between the vendor and vendee, the vendor shall be entitled
to proceeds of the sale up to and including the unpaid balance due on the land installment
contract. Chapter 5313. of the Revised Code does not prevent the vendor or vendee of a land
installment contract from commencing a quiet title action to establish the validity
of his claim to the property conveyed under a land installment contract nor from bringing
an action for unpaid installments. Chapter 5313. of the Revised Code does not prevent the vendor and vendee from cancelling
their interest in a land installment contract under section 5301.331 of the Revised Code .
Frequently Asked Questions About Ohio § 5313.07
What does Ohio Revised Code § 5313.07 cover?
Section 5313.07 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 § 5313.07?
A common citation format is "Ohio Revised Code § 5313.07" (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 § 5313.07 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.