If the contract has been in effect for less than five years, in addition to any other remedies provided by law and after the expiration of the periods prescribed by sections 5313.05 and 5313.06 of the Revised Code, if the vendee is still in default of any payment the vendor may bring an action for forfeiture of the vendee’s rights in the land installment contract and for restitution of his property under Chapter 1923 of the Revised Code. When bringing the action under Chapter 1923 of the Revised Code, the vendor complies with the notice requirement of division (A) of section 1923.04 of the Revised Code by serving notice pursuant to section 5313.06 of the Revised Code. The court may also grant any other claim arising out of the contract.

contract signature

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Terms Used In Ohio Code 5313.08

  • Contract: A legal written agreement that becomes binding when signed.
  • Property: means real and personal property. See Ohio Code 1.59
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.

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