If you've passed the due diligence period (sometimes called "going hard" because that's the date you forfeit your earnest money), then the seller has a variety of options available to get redress.

Additionally, let's say that as consideration for the seller keeping the property under contract, the buyer agrees to make timely deposits on a schedule to keep the contract active that may establish 8% of the contract price by a date 30 days prior to the estimated closing date.In the event the buyer fails to keep the contract active, all amounts paid shall be forfeited to the seller as compensation for keeping the property off the market and holding expenses.

He would want a clause that protects his expenses and I would want the same, so any abandonment on his behalf would be a forfeit to the labor which would be deferred as profit from the sale.

If the buyer retracts the offer or does not fulfill its obligations under the contract, the earnest money is forfeited.18.

That is their money, if the lease or your termination agreement calls for them to forfeit it then that should be documented by sending them the security deposit accounting.

Mike, the lease does state that if it is broken they forfeit the deposit. ( just not sure how that pertains to the military.)Karen, As a veteran myself, and understand the hardships of being in the military.

If I fail to make Y number of payments the title is transferred back into his name and I forfeit the money already paid.

Apart from language in your lease stating that SD and last month's rent are forfeited for breaking lease you must rerent and return all that is not used to offset lost rent.

If the buyer missed or misunderstood some details and wants to back out then they can back out, forfeiting their earnest money.

Ensure you have proper cash for keys paperwork so they sign and understand they are forfeiting all rights to property.Congrats on purchase!