Legal Question in Real Estate Law in Ohio

Real Estate

This year I entered into a contract to purchase a home.When I went to a mortage company to convert what I thought was a land contract into conventional loan.I found out all I did was sign a rental lease.I told these people since I was assuming all debts associated with property,I wanted to be able to get tax deduction on property.I also asked before signing contract was there any other problems with home besides the roofs?The answer was no.I have a problem with the drain system to this house,now its going to cost a 1000.00 to repair problem.I have currently put 3200.00 in this house just to make it presentable.And they put in this lease I was responsible for all repairs/mainteance.

So please tell me the difference between Lease with Purchase option vs the Land Contract?And what r my leagal rts.@this time.Do I have any legal recourse?And this is an unrecorded document in our county/and the agreement isnt noytarized either.


Asked on 12/11/04, 5:10 pm

1 Answer from Attorneys
William Chris Roderick Linton Belfance LLP

Re: Real Estate

Everything depends upon what is in the written contract. Generally, the verbal promises, except under rare circumstances, are not admissable at trial. Have an attorney review the contract to see exactly what you have here.

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Answered on 12/13/04, 10:17 am


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