They will hold the debt for five years at which point I pay in full, or forfeit.

We took them to court and because we had no idea what we were doing, found out that our contract with them wasn't exactly correct and because we left a couple things out that by law here in MD have to be in there, we had to forfeit the deposit.

If he doesn't buy by end of year, forfeits deposit.

When a investor ignores the value of equity in a property to create false cash flow they should forfeit the right to call themselves investors.

My current plan is to draft an acceptance letter they must both sign with dollar value agreement for each to cover; however, her attorney notes that likely given DVPO, he forfeits that amount.  

I do not like holding RE inside of a retirement fund due to forfeiting all the yearly tax benefits and writeoffs. 

You forfeit your deposit if you back out, which again, is very common in the real estate and leasing industry to protect an owner if you were to walk away.Our criteria is very strict and we hold all applicants accountable.

Option money is forfeit on failure to exercise option.

If they do not ultimately purchased the property within the lease option period, then they forfeit that option fee and move out.

I have this language in my lease in case I later find out some one has been staying there:Tenant will not give accommodations to borders or lodgers without landlords written consent.i.Tenant agrees that giving accommodations is defined as providing living or sleeping space to a person(s) for 3 or more consecutive days. ii.Tenant may petition landlord for special guest privileges when family is visiting. iii.Tenant agrees that if Tenant gives accommodations to anyone not listed on this lease tenant will be evicted and Tenant’s security deposit will be forfeited in full.