OPTION CONSIDERATION. As consideration for this option to purchase, the Buyer shall pay the Seller a non-refundable fee of $ . If the Buyer timely exercises this option, this fee will be applied to the purchase price at closing, provided that he/she is not in default of the lease agreement and closes the conveyance of the Property. If the Buyer fails to exercise this option, is in default of the lease agreement or does not close the conveyance of the Property, this fee will be retained by the Seller.
Appears in 3 contracts
Samples: Rent to Own Agreement, Rent to Own Agreement, Rent to Own Agreement
OPTION CONSIDERATION. As consideration for this option to purchase, the Buyer shall pay the Seller a non-refundable fee of $ . If the Buyer timely exercises this option, this fee will be applied to the purchase price at closing, provided that he/she is not in default of the lease agreement and closes the conveyance of the Property. If the Buyer fails to exercise this option, is in default of the lease agreement or does not close the conveyance of the Property, this fee will be retained by the Seller.
Appears in 2 contracts
Samples: Rent to Own Contract, Rent to Own Agreement
