AI Ohio Purchase Agreement

1. Property

The real property subject to this Agreement is located at:

[[Property Full Street Address]]
[[City]], Ohio [[ZIP Code]]
County of [[County Name]]

Legal Description (attach exhibit if lengthy):
[[Full Legal Description from Current Deed or Survey]]

Tax Parcel / Auditor's Parcel Number: [[Tax Parcel ID]]

The Property includes the land, all buildings, improvements, fixtures, and appurtenances. It is sold subject to easements, restrictions, and encumbrances of record that do not materially impair use as a single-family (or stated use) residence, current zoning, and building codes.

2. Purchase Price and Earnest Money

The total Purchase Price is [[Purchase Price in Words]] Dollars ($[[Purchase Price Amount]]), payable as follows:

1. Earnest money deposit in the amount of $[[Earnest Money Deposit Amount]] to be deposited with [[Escrow / Title Company Name]] within [[Earnest Money Deposit Deadline e.g. three (3) business days]] after the Effective Date.

2. Additional deposit or down payment of $[[Additional Deposit Amount or N/A]] due by [[Additional Deposit Due Date]].

3. Balance of Purchase Price due at Closing by wire transfer, cashier's check, or other immediately available funds acceptable to the closing agent.

Earnest money shall be held in a non-interest-bearing trust account unless otherwise agreed. If this Agreement is terminated in accordance with its terms, earnest money shall be disbursed as provided herein.

3. Financing Contingency

This Agreement is contingent upon Buyer obtaining a firm commitment for a [[Conventional / FHA / VA / Other - [[Loan Type]]]] loan in the amount of approximately $[[Loan Amount]] within [[Financing Contingency Period e.g. thirty (30) days]] after the Effective Date.

If Buyer is unable to obtain financing after good faith efforts, Buyer may terminate by written notice to Seller prior to expiration of the contingency period and receive return of earnest money. Buyer shall provide Seller with written evidence of denial upon request.

4. Appraisal Contingency

This Agreement is contingent upon the Property appraising at or above the Purchase Price. If the appraisal is lower, Buyer may (a) terminate and receive return of earnest money, (b) renegotiate the price, or (c) proceed without the contingency. Appraisal must be completed within [[Appraisal Period e.g. twenty-five (25) days]] after Effective Date.

5. Inspection and Due Diligence Contingency

Buyer shall have [[Inspection Period e.g. ten (10) business days]] after the Effective Date to conduct inspections of the Property at Buyer's expense, including but not limited to structural, mechanical, environmental, pest, and radon inspections.

If Buyer is not satisfied with the results of inspections, Buyer may:

1. Terminate this Agreement by written notice to Seller before the end of the inspection period and receive full return of earnest money.

2. Deliver a written request for repairs or price adjustment.

3. Waive the contingency and proceed.

Seller shall provide reasonable access for inspections. Seller shall disclose known material defects via the Ohio Residential Property Disclosure Form as required by ORC § 5302.30.

6. Title and Survey

Seller shall convey marketable title to the Property by general warranty deed (or limited warranty deed if agreed) in accordance with Ohio Revised Code Chapter 5302, free and clear of liens and encumbrances except for current taxes not yet due, easements and restrictions of record that do not materially impair use, and other items approved by Buyer.

Seller shall furnish a title commitment from a title insurance company acceptable to Buyer within [[Title Commitment Deadline e.g. ten (10) days]] after Effective Date. Buyer shall have [[Objection Period e.g. five (5) days]] after receipt to object to title defects. Seller shall have a reasonable time to cure.

Buyer may obtain a survey at Buyer's option and expense.

7. Closing and Possession

Closing shall occur on or before [[Closing Date]] at the office of [[Title Company / Escrow Agent Name and Address]] or such other place as the parties agree. Possession shall be delivered to Buyer at Closing unless otherwise agreed in writing.

At Closing, Seller shall deliver:

• Signed general warranty deed (or limited as agreed)

• Ohio Residential Property Disclosure Form (previously delivered)

• Any keys, codes, remote controls, and manuals

• Proof of payment of taxes and assessments through Closing

• Any required affidavits or documents for title insurance

Buyer shall pay all Closing costs customarily paid by Buyer in the area unless otherwise agreed. Prorations for taxes, rents, and assessments shall be as of the Closing Date.

8. Default and Remedies

If Buyer defaults, Seller may retain the earnest money as liquidated damages (not a penalty) and pursue other remedies available at law or equity.

If Seller defaults, Buyer may (a) terminate and receive return of earnest money plus reimbursement of reasonable inspection costs, or (b) pursue specific performance or damages.

9. Representations and Warranties

Seller represents that to the best of Seller's knowledge the disclosures in the Property Disclosure Form are accurate and that Seller has not concealed material defects. These representations survive Closing only as expressly provided.

10. Condominium / HOA Addendum (if applicable)

If the Property is part of a condominium or HOA: Seller shall deliver current governing documents, budget, and assessment information within [[HOA Document Delivery Period e.g. five (5) days]]. Buyer has [[HOA Review Period e.g. five (5) days]] after receipt to review and terminate if not satisfactory.

11. Other Contingencies

[[Describe any additional contingencies such as sale of Buyer's current home, attorney review (Ohio does not require but parties may elect), or other: [[Additional Contingencies or "None"]]]]

12. Notices

All notices under this Agreement shall be in writing and delivered by certified mail, overnight courier, email with read receipt, or personal delivery to the addresses above or such other address as a party designates in writing.

13. Governing Law

This Agreement shall be governed by the laws of the State of Ohio. Any disputes shall be resolved in the courts of [[County Name]], Ohio.

14. Entire Agreement; Amendments; Counterparts

This Agreement, including any addenda and exhibits attached hereto, constitutes the entire agreement. It may be amended only by written instrument signed by both parties. This Agreement may be executed in counterparts and by electronic signature, each of which shall be deemed an original.

15. Severability

If any provision is held invalid or unenforceable, the remaining provisions shall continue in full force.

16. Time of Essence

Time is of the essence with respect to all dates and time periods in this Agreement.

17. Addenda and Exhibits

The following are attached and made part of this Agreement:

1. Exhibit A - Legal Description (if separate)

2. Ohio Residential Property Disclosure Form (previously delivered)

3. Lead-Based Paint Disclosure (if property built before 1978)

4. [[Additional Addenda or Exhibits - list or "None"]]

18. Signatures

SELLER

Signature: _______________________________ Date: [[Seller Signature Date]]

Printed Name: [[Seller Full Legal Name(s)]]

Signature: _______________________________ Date: [[Seller Signature Date 2]]

Printed Name: [[Co-Seller Name if applicable]]

BUYER

Signature: _______________________________ Date: [[Buyer Signature Date]]

Printed Name: [[Buyer Full Legal Name(s)]]

Signature: _______________________________ Date: [[Buyer Signature Date 2]]

Printed Name: [[Co-Buyer Name if applicable]]

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*This is a sample template for an Ohio residential purchase and sale agreement. Ohio does not require attorney review but parties are advised to consult legal counsel. Title companies typically handle closings. Statutory references current as of 2026-06. This document is not legal advice. Complete all [[tokens]] with actual information and verify with current Ohio law and local practice before use.*