If you`re looking to buy or sell property in Ohio without involving a bank, a land contract may be an option for you to consider. A land contract is essentially an agreement between the buyer and seller where the buyer pays the seller in installments until the property is paid off. Instead of getting a mortgage from a bank, the seller acts as the lender.

To help you get started with a land contract in Ohio, there are a number of free printable forms available online. These forms can provide you with the necessary legal protection and help ensure that your agreement is legally binding.

Here are a few things to keep in mind when considering a land contract:

1. Make sure you understand the terms

It`s important to carefully read and understand all the terms of your land contract. This includes everything from the purchase price and down payment amount to the interest rate and length of the contract. Make sure you ask questions if you`re unsure of anything – it`s better to be safe than sorry!

2. Protect yourself legally

Working with a lawyer to draft your land contract is a wise move. If you`re not able to do this, use a comprehensive and legally sound free printable land contract form that has been approved for use in Ohio.

3. Keep accurate records

Keep a detailed record of all payments made and received according to the schedule set out in the contract. These records can be useful if any disputes arise in the future.

4. Plan for taxes and insurance

It`s important to discuss and agree upon how property taxes and insurance will be handled while the land contract is in effect. Will the seller continue to pay these costs, or will the buyer be responsible for them?

All things considered, a land contract can be a useful tool for buyers and sellers alike. However, it`s important to do your due diligence and understand the pros and cons. By using free printable land contract forms Ohio, you can give yourself a solid start, and then work with an attorney to fully protect your rights and your investment.