Contracts
What is a land contract (contract for deed) in Ohio?
AA contract for purchasing vacant land only
BA seller-financed installment sale where the seller retains legal title until the buyer pays the full price✓ Correct
CA lease for agricultural land
DA contract requiring land use approval
Explanation
In a land contract (contract for deed or installment sales contract) in Ohio, the seller retains legal title while the buyer has equitable title. The buyer takes possession and makes payments; the deed transfers when the loan is fully paid.
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