Legal Question in Real Estate Law in Ohio

Conveyance

We are getting ready to close on refinancing of our home that we have been land contracting for 2 years. The questions has come up who is responsible for the conveyance fee. It is not stated anywhere in our land contract who is responsible for this. So my question is 2 part: What is a conveyance fee and who is responsible to pay that fee, the seller or the buyer?


Asked on 12/05/06, 12:30 pm

1 Answer from Attorneys
Frank Rozanc Frank J. Rozanc, Esq.

Re: Conveyance

The transfer fee is generally 4.00 per $1000 of valuation, although that may vary by county. If the contract does not address it, it is paid by the buyer.

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Answered on 12/08/06, 1:22 am


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