There Is a Newer Version
of
the Ohio Revised Code
2011 Ohio Revised Code
Title [53] LIII REAL PROPERTY
Chapter 5313: LAND INSTALLMENT CONTRACTS
5313.10 Terminating land installment contract is exclusive remedy.
Universal Citation:
OH Rev Code § 5313.10
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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.
Effective Date: 11-25-1969
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
