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A land contract is just like any other contract, complete with contract law principles. No one can sell the property until either the contract is either fufilled or breached. If it is fufilled, then it becomes the property of the one purchasing the property and after they have successfully completed the contract, they then are free to sell it to whomever they wish. But, if the contract is breached, it is then still the original owners and they can do as they wish, keep the property, sell the property or find another individual willing to enter into another land lease contract.
So, while the property is tied up in a land lease contract, no one can sell or buy it until either a satisfaction or breach of the contract is committed.
What else can I help you with?
When a spouse dies with property that is inherited in Ohio does that property convey to the surviving spouse if there is no will?
yes
Is there a cooling off period for used cars in Ohio?
No. Ohio does not have a cooling off period for automobile purchases. Ohio does have a cooling off period for prepaid entertainment contracts (for example, a contract with a gym), but Ohio does not have any such law for automobiles. So, make sure that you are sure about a purchase before you sign the contract.
Was Ohio ever a community property state?
yes.
How much are Cleveland property taxes?
Property taxes in all states depend on the size of the property and its location. In Ohio homes have property taxes in the 1.5 - 2.5 % range of the purchase price. Ohio also has city wage taxes generally in the 2% to 3% range.
How can I find out about property tax information in Ohio?
Ohio is changing how they assess and collect their personal property taxes, residents need to stay updated. Here the state's website that describes personal property taxation: http://tax.ohio.gov/divisions/personal_property/index.stm
What is the local tax rate for solon Ohio?
Solon, Ohio has a city income tax rate of two percent. Property tax for property costing approximately $100,00 is currently two thousand dollars.
What are the dowry rights in Ohio?
Dowry is illegal in the US. So it would depend if you have a contract, have met the terms of that contract and if it is enforceable in the US. Ask your lawyer.
How can a 17-year-old parent of a child get an apartment in Cincinnati Ohio?
If they have been emancipated, they can contract. Otherwise they need an adult to enter into the contract on their behalf.
Do you need a permit for an outdoor party with music Columbus Ohio?
i want to put on a outdoor concert in columbus ohio on my own property what do i have to do
What has the author Oliver Morrow written?
Oliver Morrow has written: 'Atlas and directory of Paulding County, Ohio' -- subject(s): Paulding County (Ohio), Maps, Real property 'Historical atlas of Paulding County, Ohio' -- subject(s): Maps, Real property, History
Do you need a real estae license for property management in Ohio?
yes 7065997019
You want to cancel your contract with alltel early without paying 200.00 Can you legally in the state of Ohio?
www.cellbreaker.com can help you cancel any cell contract in any state.
