Is the option consideration money non-refundable?

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Yes!  If you break the lease or don’t pay your rent, you forfeit all of your option consideration money and any rent credits.  You get your option consideration money credited back towards the purchase price of the home when you buy it.

This post was written by

Chad Corbett – who has written posts on www.REsolutionsVA.com.
Chad Corbett is a REALTOR, an Investor and a Consultant offering a variety of creative solutions and "outside of the box" services to both Buyers and Sellers. In addition to owning REsolutions Real Estate Services as an Investor, Chad owns Portfolio Properties Real Estate as a REALTOR. For somewhat-conventional real estate guidance focusing on Luxury Homes, Commercial Assets and Investment Properties throughout the country visit www.PortfolioPropertiesRE.com.

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