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Current as of January 01, 2024 | Updated by Findlaw Staff
The election of the vendor to terminate the land installment contract by an action under section 5313.07 or 5313.08 of the Revised Code is an exclusive remedy which bars further action on the contract unless the vendee has paid an amount less than the fair rental value plus deterioration or destruction of the property occasioned by the vendee's use. In such case the vendor may recover the difference between the amount paid by the vendee on the contract and the fair rental value of the property plus an amount for the deterioration or destruction of the property occasioned by the vendee's use.
Cite this article: FindLaw.com - Ohio Revised Code Title LIII. Real Property § 5313.10 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-liii-real-property/oh-rev-code-sect-5313-10/
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