In Ohio, a land contract (contract for deed) is:

Land contracts are not prohibited in Ohio; they are a legally recognized method of property transfer. Ohio Revised Code Chapter 5302 specifically governs land contracts, establishing their validity and outlining the rights and obligations of both parties. They provide an alternative to traditional mortgage financing, especially when buyers may have difficulty qualifying for conventional loans.

Option C is incorrect because a land contract is fundamentally different from a mortgage. In a mortgage, title transfers to the buyer immediately with the lender holding a lien, whereas in a land contract, the seller retains legal title until payment is complete.

Option D is incorrect because land contracts are not limited to commercial properties in Ohio. They can be used for residential properties as well, particularly when buyers may not qualify for traditional financing.