He would walk away with nothing, and you'd have only your $2k loss for your holding costs.I think you need to tweak these numbers based on reality.

I tweaked a few items based on the feedback and posted an updated version of the letter below. 

Yes these types of clauses are standard though you would always want to read through, talk through, and think through for your situation and tweak as necessary before signing. 

I've informed them of their options, tweaked slightly from what you mentioned, and am awaiting their response.

@Erin O'Connor - I too believe it looks good, though I will suggest a few tweaks:1.

This is something we ask all callers and leads so we can tweak our site.She said "Are you KIDDING??"

I appreciate your considerations and look forward to hearing anything I may have missed or anything that I may need to tweak!

@Greg Seldon - i'm going to suggest a few tweaks to your calculations and see how that turns out.1.

I’ve definitely tweaked my screening criteria!

It allows for the establishment of a base pro forma that can be "tweaked" with one or a group of variables that report the positive or negative impact a given input has on the deal performance.