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Notice of Intent to Enforce Forfeiture Provisions of Contact for Deed - Ohio 2025

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This document is a Notice of Intent to Enforce Forfeiture Provisions of a Contract for Deed, informing the purchaser that they are in default due to failure to meet contract terms. It outlines the steps required to cure the default by a specified date, warns of potential forfeiture of property rights and eviction if not addressed, and advises contacting an attorney for questions.

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Click ‘Get Form’ to open the Notice of Intent to Enforce Forfeiture Provisions of Contract for Deed in the editor.
Begin by filling in the recipient's name and address at the top of the form. This identifies who is receiving the notice.
In the section concerning the contract, enter the names of both the Seller and Purchaser, along with the property address. This establishes the parties involved and their respective interests.
Clearly state the reasons for default in the designated area. Be specific about what terms were not met to ensure clarity.
Indicate any actions required to cure the default by filling in what needs to be done and by when, ensuring you specify a clear deadline.
Finally, sign and print your name at the bottom of the form. This confirms your acknowledgment and intent regarding this notice.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I cancel a land contract in Ohio?

Except in counties where deeds or other instruments are required as provided in this section, a land contract that is recorded in the office of the county recorder may be cancelled, partially released by the vendor and vendee, or assigned by either of them by writing the cancellation, partial release, or assignment on

Who is responsible for repairs in a land contract in Ohio?

A land contract is a form of seller financing for a real estate purchase. Similar to a lease, the buyer makes monthly payments to the seller to be credited toward the purchase price. Unlike a lease, the buyer is responsible for maintenance and repairs on the property.

Can you cancel a real estate contract in Ohio?

(A) In addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase.

Can you back out of a land contract?

Backing out of a contract can have financial and legal consequences. Buyers who back out without cause typically forfeit their earnest money deposit, and the seller could bring legal action. If the seller cancels the contract without cause, the buyer could sue the seller to force them to complete the sale.

Does a land contract have to be recorded in Ohio?

Ohio law requires that land contracts be recorded within 20 days of signing. If the buyer has paid 20% of the principal or has made payments for five years, the seller must initiate foreclosure rather than forfeiture if the buyer defaults. More information can be found in Ohio Revised Code 5313.02. 4.

Can I cancel a contract after signing in Ohio?

What is the consumers responsibility? In general, to take advantage of a three-day cooling-off period, a consumer must cancel in writing by midnight of the third business day after the transaction.

Notice of Intent to Enforce Forfeiture Provisions of Contact for Deed - Ohio 2025

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