Tenant A forfeits all rights to the property and the deposit.

One of them has just expressed a desire to stay until November 1st and is willing to forfeit the security deposit.Option one is to trust them and allow them to stay the extra two weeks.

If a tenant is injured, wouldn't it be better to have $2M policy and insurance fighting it, rather than a cheap policy you exceed and now fight on your own or forfeit your LLC and then pray you didn't violate anything the tenant's attorney could use to break that protection and go after your other personal assets.

On the one hand, paying for the updates to the property now, while costly, would be peanuts compared to what I'd be forfeiting in the long run.

It very well might be the case that if the appraisal deficiency tanking your ability to close is a reason that you forfeit your deposit, or it may be the case that your lender's letter is sufficient to get you out under your financing contingency.

Though you forfeit rent you didn't collect because you didn't file a judgement.  

If they cancel, they forfeit the deposit.2.

I'm looking into investing in NJ tax liens and am having trouble finding the answer to a few questions What happens with the premium, is it returned to the winning bidder or is forfeited to the county?

However, we have decided, and this is not for everyone, that we will require them to forfeit their deposits for the month they miss.

At the very end when you can’t use the equipment because of decay what’s the follow up, I believe in real estate you would then declair bankruptcy, and forfeit the property loan agreement without taking credit score or financial losse on the lease, im really hoping to find out , thanks for your time as well.