
5 June 2024 | 274 replies
They will need one in order for you place a bidThe far better strategy is to forfeit your commission by putting zero in the selling agent commission field as:- You don't have to split any commission with your broker -You don't have to pay income tax on your split - You can win a bid with a 3% plus $1 from a regular buyer.

15 May 2020 | 1 reply
I have it stated in the contract that to have the lease agreement cancelled (prior to the agreed upon end date) there are two stipulations. 1) Forfeit of the entire security deposit 2) The tenant agrees to pay the sum equal to (2) full months upon moving outNow the tenants agreed to these stipulations when they signed the original lease and they agreed again when they let me know they would like to be let out from the lease.

29 September 2012 | 6 replies
You'd have to be more detailed.And yes, most listing agreements will call for the agent to colect a percentage of any forfeited deposit-because a deposit is only forfeited when a buyer was procured/under contract, and then defaulted.

16 May 2013 | 14 replies
You could just ask the seller to pay a specific amount of the buyers closing cost: "Seller agrees to pay $1,000 of the buyers closing costs and in addition agrees to forfeit any tax prorates and/or reserves to the buyer at closing."

4 August 2020 | 5 replies
If the Applicant gives notice of cancelling the rental agreement prior to November 24th, Applicant will forfeit one hundred fifty dollars ($150.00) of the Holding Deposit.

29 December 2017 | 2 replies
Buyer will have 3 business days from issuance of this notice to close – should buyer not close, seller is able to cancel thiscontract with earnest monies being forfeited to the seller." - And after all the above, they *still* give themselves this clause, which extends the closing date three business days!

29 March 2024 | 25 replies
After 72 hours, the full holding fee is forfeited if you back out.

24 October 2023 | 52 replies
Again, read through your standard purchasing sale contract for your state to understand how this earnest money can be forfeited or retained.
9 November 2023 | 21 replies
If it does't rent out and tenant doesn't pay, you can put it towards rents due and actual damages, but I don't believe it can just be forfeited.

4 September 2023 | 6 replies
Once they sign the lease, the deposit will be forfeited if they change their mind.