Ohio § 5315.05
Full text of Ohio Ohio Revised Code § 5315.05, with citation guidance and answers to common questions.
§ 5315.05.
(A) A former borrower and a former lender who are party to a lease with option to purchase
agreement under divisions (A)(2) and (3) of section 5315.04 of the Revised Code are
governed by Chapter 5321. of the Revised Code. (1) The former borrower-lessee is responsible for all of the obligations of a tenant
under section 5321.05 of the Revised Code as well as the duties under divisions (A)(1) to (6) of section 5321.04 of the Revised
Code. (2) Divisions (A)(1) to (6) of section 5321.04 of the Revised Code do not apply to a
lender-lessor participating in the D.O.L.L.A.R. deed program in accordance with this
chapter. (B) A former borrower-lessee who defaults or otherwise fails to meet the terms of a lease
with option to purchase agreement executed pursuant to this chapter forfeits the former
borrower-lessee's right to purchase the real property under division (B) of section 5315.04 of the Revised Code and has no further right of possession or occupancy and shall be subject to a forcible
entry and detainer action under section 5321.03 and Chapter 1923. of the Revised Code.
Frequently Asked Questions About Ohio § 5315.05
What does Ohio Revised Code § 5315.05 cover?
Section 5315.05 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 § 5315.05?
A common citation format is "Ohio Revised Code § 5315.05" (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 § 5315.05 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.