Cincinnati |
Code of Ordinances |
Title VIII. BUSINESS REGULATIONS |
Chapter 870. LAND INSTALLMENT CONTRACTS |
§ 870-07. Prohibition; Notice of Violation.
(a)
No vendor shall convey any interest in a residential property through land installment contract unless a certificate of occupancy or temporary certificate of occupancy has been issued, pursuant to this section.
(b)
No vendor shall fail to deliver to the vendee a copy of the current certificate of occupancy or temporary certificate of occupancy prior to the execution of the land installment contract.
(c)
No vendor shall fail to record, as provided in R.C. 5301.25, the land installment contract with the county recorder and deliver a copy to the county auditor within twenty days of the execution of a land installment contract.
(d)
In a conveyance of any interest of a residential property through land installment contract sale, no vendor shall require a vendee, as a condition of the contract, to sign a "quit claim" deed, deeding the property in question to the vendor in the event of a default by the vendee.
(e)
The director of buildings and inspections may issue a notice of violation to the vendor of the residential property who conveys any interest in a residential property through land installment contract where the property has been found to be in violation of the Cincinnati building code and located in the city of Cincinnati without the dwelling having been issued a certificate of occupancy or temporary certificate of occupancy.
(f)
The following rebuttable presumption shall apply to violations of this section: the owner of the premises whose name is listed in the records of the Hamilton County auditor is presumed, for purposes of this section, to be the owner of said premises.
(Ordained by Ord. No. 186-2018, § 1, eff. July 27, 2018)