Should Tenant/Buyer default on any payment required by this contract all of the Tenant/Buyer's rights to occupancy, possession and equitable title shall revert to Seller and all monies paid to Seller shall be retained by Seller as sole liquidated damages.4)OPTION TO PURCHASE:The Tenant/Buyer, as part of the consideration herein, is hereby granted the exclusive right, option and privilege of purchasing the above property at any time during the term of this Lease/Option agreement or any extension thereof.

It's a privilege to be able to access cheap money.

Compensation to the landlord from the tenant for the privilege of breaking a lease seems fair.   

Their primary focus is to make you "feel" good about yourself, to make you "feel" like you belong to something special, something unique, and only available to the privileged to you. 

You pay a nominally higher interest rate for this privilege, but it is money well spent for the flexibility in almost all cases.  

We extend certain privileges and backings to members of the military.

No he is not obligated to give anyone a space and can actually take away parking privileges from your friend.Your friend is getting a free apartment and a free parking space!

Because this is in the City of Philadelphia, you will have to get a CAL - Commercial Activity License (used to be called a Business Privilege License) - in addition to getting a license for renting (housing inspection license IRC).

Were as an administrator or other types of executors that do not have full privileges or power must run the offer through the court system, and the offer must be at least 85% of real market value of the property in probate.

Charge a hefty interest and points for the privilege of using your money and just make a living at that.The list doesn't end there but it's enough to think about for one day isn't it?