OTS 1.2

1.2 REFERENCE TO TITLE STANDARDS IN CONTRACTS FOR SALE OR PURCHASE OF LAND

An attorney drawing a contract for the sale or purchase of land should recommend that the terms of the contract provide that marketability be determined in accordance with Title Standards of The Ohio State Bar Association and that the existence of encumbrances and defects, and the effect to be given to any found to exist, be determined in accordance with such standards. Comment A: 


An attorney, drawing a contract for the sale or purchase of land, should recommend the inclusion of the following language or its equivalent in the contract: 

"Marketability of title, if the owner is required to furnish marketable title, shall be determined in accordance with the Title Standards approved by The Ohio State Bar Association."

(Effective November l2, 1960)

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