Because if we do not agree on something in the agreement and I refuse to sign it, they might say that I'm backing out and hence have to forfeit my deposit.

Courts have upheld the status of options time after time.I do agree the reason that I would use a purchase agreement is so I could get back any earnest money, where option money would be forfeited.

Have a rental in Panama City FL, picked up a lot on MS tax forfeited lands.

When we did the closing, the attorney put the deposit in an escrow account.After the sale, the previous owner states that the tenant has not paid the rent for a couple of months, so the deposit has been forfeited therefore should be returned to the previous owner. 

I have approached the church about leasing them the lot for continued use. i dont want to sound like the Devil here but they  need the parking and without any compensation i am forfeiting the potential of any development on the lot. i really dont have any immediate plans for any development especially if they would lease the lot and of coarse the church is pushing back on any kind of lease to use it. they offered me to donate the lot for them to use as a tax right off but not sure how beneficial that would be. what do you guys think?

So basically, repossess the unit and forfeit this month's and last month's rent, or wait for him to turn up with the hope that maybe I'll be able to recover the rent.I'm definitely leaning toward the former - but what are your thoughts?

Purchaser understands that there are delinquent taxes owed on the property which need to be paid to the County otherwise Purchasers interest will be forfeited.

Has the owner forfeited his profits because he still owes the bank money?

Buyers and sellers are free to negotiate a more equitable arrangement in the land contract.Equitable ReliefBecause of the harsh consequences of forfeiture, a buyer who forfeits all payments in a land contract can appeal to a court of equity for relief.

You can’t close, you forfeit the bet.