lease option

[Juliet Banks]

when a tenant buyer comes along and say give you a $10,000 deposit for a property that you're lease optioning to them, what happens to the deposit, some people say it is yours it is nonrefundable,  but does'nt the end buyer expect that to be deducted from the sale price, and if so how do i make money, do i only hope the person does not buy the propperty so that i can keep the deposit,  how does it work, can someone please explain?

[Brian Gibbons]

@Juliet Banks

You are in NC so read the statute 

http://www.ncga.state.nc.us/EnactedLegislation/Sta...

I recommend you give a lease and a ROFR (right of first refusal) as if you give a lease and an option,

you must deal with the state above.

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