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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 5313.10 | Terminating land installment contract is exclusive remedy.

Ohio Revised Code
/
Title 53 Real Property
/
Chapter 5313 Land Installment Contracts
 
Effective:
November 25, 1969
Latest Legislation:
Senate Bill 156 - 108th General Assembly
PDF:
Download Authenticated PDF
 

The election of the vendor to terminate the land installment contract by an action under section 5313.07 or 5313.08 of the Revised Code is an exclusive remedy which bars further action on the contract unless the vendee has paid an amount less than the fair rental value plus deterioration or destruction of the property occasioned by the vendee's use. In such case the vendor may recover the difference between the amount paid by the vendee on the contract and the fair rental value of the property plus an amount for the deterioration or destruction of the property occasioned by the vendee's use.

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