He changed his major at the last minute and forfeited his scholarship so stayed to attend a local university.

And if you when the auction the remaining funds are due within 48 hours I believe or you forfeit the property and it goes back to auction.Message me of you need more details.

I think we will just write something up that lets them out of the lease if they forfeit their last month rent payment & their deposit AND are out by October 31. 

In other words, they inaccurately assume they would have to forfeit the check I mailed them, if they were to choose to dispute the claimed amount.  

You don't want to find out too late that you've forfeited an earnest money deposit when a contract falls through or pay extra fees for a delayed closing because your realtor didn't understand or didn't explain to you the special terms in the contract.  

Do you have a clause in your lease that indicates the tenant will forfeit their deposit if they move out prior to the lease expiration?

Check your contract, you may forfeit any claim to earnest money by not cooperating with the banks requests.When the property sold the first time around, the market was made on the home.

If you break your lease, you may find you owe the entirety of the rest of your lease and forfeit your security deposit.

@Stacey Everett Do a Lease Purchase with a 5% down.Buyer forfeits the down payment if defaults.

Management may, at its option, declare this Agreement forfeited and re-rent said premises without any liability whatsoever.