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Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio

a Land Contract - Ohio 2025

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The document is a Seller's Disclosure Notice that outlines the financing terms for a Contract for Deed regarding a property. It includes details such as the purchase price, interest rate, estimated interest charges, total principal and interest, any late charges, and the absence of prepayment penalties. The document requires signatures from both the seller and purchaser.

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Is a property disclosure required in Ohio?

Ohios disclosure requirement comes from a law called Ohio Revised Code 5302.30, which requires people selling residential property containing one to four dwelling units to fill out a Residential Property Disclosure Form.

When a property is financed using a contract for deed who is the lender?

One such alternative is the contract for deed. In a contract for deed, the purchase of property is financed by the seller rather than a third-party lender such as a commercial bank or credit union.

Is Ohio a disclosure state?

The following states are currently non-disclosure states: Alabama, Alaska, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, and Wyoming.

Which of the following is the sellers responsibility when dealing with property disclosures?

Sellers in California have an affirmative duty to disclose to buyers all material conditions or defects known to them which can affect the value or desirability of the property. Failure to do so can lead to liability from the buyer for damages as a result of the lack of disclosure.

What is the sellers property disclosure statement used to disclose?

Repairs Made And Repairs Needed In addition to discussing renovations or remodeling projects that have been completed, Sellers Disclosure statements often contain a report of all of the repairs that have previously been made on a given property. This information can include the history of: Roof s or leaks.

What is a residential property disclosure statement?

A property disclosure statement is an essential document that should be included in any real estate transaction. It can provide an accurate picture of the property and its condition and any potential liabilities that may come along with it. It can also help protect the buyer and seller from legal action.

Do you have to disclose mold when selling a house in Ohio?

Ohio law requires sellers to disclose any known material defects, including mold presence. Honesty and transparency about mold issues are legal obligations that build foundational trust with potential buyers and are crucial to avoid legal repercussions.

Is a residential property disclosure required in Ohio?

Section 5302.30 | Property disclosure form required for all residential real property transfers. (A) As used in this section: (1) Good faith means honesty in fact in a transaction involving the transfer of residential real property.

Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio 2025

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Got questions?

Is a property disclosure required in Ohio?

When a property is financed using a contract for deed who is the lender?

Is Ohio a disclosure state?

Which of the following is the sellers responsibility when dealing with property disclosures?

What is the sellers property disclosure statement used to disclose?

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People also ask

What is a residential property disclosure statement?

Do you have to disclose mold when selling a house in Ohio?

Is a residential property disclosure required in Ohio?

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How to rapidly redact Seller&#039;s Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio online

Complete this form in 5 minutes or less

Got questions?

Is a property disclosure required in Ohio?

When a property is financed using a contract for deed who is the lender?

Is Ohio a disclosure state?

Which of the following is the sellers responsibility when dealing with property disclosures?

What is the sellers property disclosure statement used to disclose?

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People also ask

What is a residential property disclosure statement?

Do you have to disclose mold when selling a house in Ohio?

Is a residential property disclosure required in Ohio?

Related links

Try more PDF tools

Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio 2025

How to rapidly redact Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Ohio online