(A) A provision in any written contract, except as provided in division (B) of this section, to settle by arbitration a controversy that subsequently arises out of the contract, or out of the refusal to perform the whole or any part of the contract, or any agreement in writing between two or more persons to submit to arbitration any controversy existing between them at the time of the agreement to submit, or arising after the agreement to submit, from a relationship then existing between them or that they simultaneously create, shall be valid, irrevocable, and enforceable, except upon grounds that exist at law or in equity for the revocation of any contract.
(1) Sections 2711.01 to 2711.16 of the Revised Code do not apply to controversies involving the title to or the possession of real estate, with the following exceptions:
(a) Controversies involving the amount of increased or decreased valuation of the property at the termination of certain periods, as provided in a lease;
(b) Controversies involving the amount of rentals due under any lease;
(c) Controversies involving the determination of the value of improvements at the termination of any lease;
(d) Controversies involving the appraisal of property values in connection with making or renewing any lease;
(e) Controversies involving the boundaries of real estate.
(2) Sections 2711.01 to 2711.16 of the Revised Code do not apply to controversies involving international commercial arbitration or conciliation that are subject to Chapter 2712. of the Revised Code.
Effective Date: 10-23-1991