.), even if you need for forfeit a few months worth of interest or sacrifice a lower rate for a shorter term.

The next step is for the rug to be pulled out entirely, loan denials even when loan docs are out for your signature with the notary, it happened in 2008, it happened in March 2020 (until the Fed $ printers were turned on), and I wouldn't be at all surprised if now (that the $ printers are off again) it happened again, and BOOM there went your $20,000 earnest money deposit, forfeit to the seller, with no practical recourse against the bank (no serious lawsuits or settlements came of it in 2008, or March 2020).

Imagine if failure to renew your registration meant that you forfeited your car. 

If you back out at that point, you forfeit your deposit and they have a turnkey place to sell to someone else. 

Selling the property, while freeing up capital for various financial goals, also means forfeiting future rental income and the potential appreciation of the property.

There are no issues with forfeiting the selling agent commission 

If tenant vacates and/or fails to pay rent or fees before the end of the full lease term, the deposit is immediately forfeited.

@J Scott Well, since you bring that up, in addition to the usual inspection period clauses I also have the following:If Buyer is unable to complete the purchase for any reason, the earnest money deposit shall be forfeited to the Seller as total liquidated damages and the Buyer is released from any further obligation under this contract.Since I've never been to law school I didn't want to come off as giving legal advice as I'm unqualified to do so.

When the lease is broken, the security deposit is forfeited.  

I outline in my lease what the paint color is and that if they fail to return it to those colors, their security deposit will be forfeited for the cost to professionally repaint the unit.Share your best tips with us!