
19 July 2024 | 14 replies
Gemini AI can help:Key features of an Ohio Land Contract:Installment Payments: The buyer agrees to purchase the property through regular payments over time, rather than a full upfront payment.Seller Holds Title: The seller retains legal ownership of the property until the full purchase price is paid.Agreement Length: The contract typically extends beyond one year.Property in Ohio: The land in question must be located in the state of Ohio.Improved Property (usually): Land contracts in Ohio normally involve property with a dwelling on it (a house).Here are some additional points to consider:Recorded Contract: A valid land contract must be recorded with the appropriate county recorder's office.Contract Content: The contract should include specific details like the names of the parties, property description, purchase price, payment terms, and down payment amount.

18 July 2024 | 7 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

16 July 2024 | 15 replies
At this time, construction continued to progress as evidenced by the third-party inspection reports.

19 July 2024 | 12 replies
If they don't want to budget for contingencies like that, then it's a disaster waiting to happen for all parties involved.

20 July 2024 | 22 replies
I'm a little late to this party, but I would definitely consider leasing it and trying to get some of your money back over since rental rates, I believe, are near all time highs, especially in Cleveland.

17 July 2024 | 2 replies
Sounds like things are pretty steady for the most part. I

17 July 2024 | 20 replies
Later, rules were changed requiring the broker obtain the acknowledgement and permission of all parties to operate as an intermediary rather than an agent of one party.

18 July 2024 | 29 replies
You can't get a truly helpful answer here without sharing the exact and complete language in all the instruments, information concerning the parties involved in the original transaction, and details on what has transpired since.I actually can't tell from the question what the goal is.

17 July 2024 | 2 replies
It might help if both parties were willing to use the same medium.You will run into issues with all of the fees.

19 July 2024 | 35 replies
Most frustrating part is the deeding process.