Your company gets their Option payment which is applied to the eventual purchase, but is forfeited is they don't exercise the option.

Check the Secretary of State’s website for Tax Forfeited lands.Hope this helps.

If they miss 2 payments the contract says it is void and any money they have paid is forfeit and I already have the house deeded in my LLC's name.

Some people say the tenant automatically forfeits the entire deposit.

The burden of proof is on her.I would tell her she can move out but she will forfeit the rent and deposit.

If they back out for any reason, the deposit is forfeited for re-marketing, etc.

One of the biggest repairs was putting in a new water heaterWhenever some repair came up with the house the owner would always state that “he is a bank and we would never expect Bank of American to do any repairs, but if we wanted to forgo our lease option money then we could forfeit that and he would come donthe repairs”Anywho we have moved out and he is saying the carpet needs to be replaced and that that is our responsibility and if not there is the possibility that he will sue us. 

It's not like she's going to try to forfeit your deposit if you don't get your loan, or you and your wife would sue her if turns out the basement has a history of flooding.

We have a line in our lease addendum that states if the tenant wishes to break the lease that they pay a one time fee equivalent to 2 months rent and forfeit their security deposit.

This is the second time a bidder bought a second but I believe the other bidder just forfeited their deposit.