Property Ownership
What is the Ohio Statute of Limitations for real estate actions?
AThere is no statute of limitations for real estate
BVaries: deed claims 21 years (adverse possession), written contract actions 8 years, other actions shorter periods✓ Correct
CAll real estate actions must be filed within 6 years
DAll real estate actions must be filed within 1 year
Explanation
Ohio has different statutes of limitations for different real estate actions: adverse possession (21 years), actions on written contracts (8 years), fraud (4 years), and various others. Knowing the applicable statute is critical for timely action.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
EasementA non-possessory right to use another person's land for a specific purpose.
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